I-Fund Yezimali Yamazwe Ngamazwe (IMF) yehlise isilinganiso sokukhula komnotho we-eurozone saya ku-0.9% ngonyaka ka-2026, isuka ku-1.1% eyayibikezelwe ngo-Ephreli. Lokhu kuncishiswa kwenzeke ngoLwesine, 11 Juni 2026, futhi kwakuhambisana nokukhuphuka kwenani lokwehla kwamandla emali lisuka ku-2.6% laya ku-2.8%. I-IMF ixwayise ukuthi isimo singaba sibi nakakhulu uma amanani entengo yamandla eqhubeka ephakeme isikhathi eside. Isinqumo sithonywe ukwanda kwezingxabano zepolitiki emhlabeni kanye nezindleko zamandla eziphakeme.
Ubuthaka Bomnotho WaseYurophu Obuvezwa Ukubuyekezwa Kwe-IMF
I-IMF ibike ukuthi lokhu kuncipha kukhulu uma kuqhathaniswa nesilinganiso sango-2025 esingu-1.4%. Inhlangano yayisinciphise isilinganiso sango-Ephreli saya ku-1.1%, kodwa izinkinga ezengeziwe zepolitiki nezindleko zamandla ziholele ekunciphiseni okunye. Umbiko wakamuva, owethulwe kongqongqoshe bezemali be-eurozone, uchaza impi eMpumalanga Ephakathi njengokushaqeka okwesikhashana kodwa enemiphumela yangempela emthembweni, ezezimaleni nasemsebenzini wezomnotho. Lokhu akukhulisi nje amanani entengo kodwa kwenza izikweletu zibe zibizile, kunciphise utshalomali, futhi kwenze izinkampani nabathengi baqaphele kakhulu. I-IMF yengeza ukuthi ukushaqeka okungapheli kwamandla kungase kuphushe inani lokwehla kwamandla emali kanye nokulindelwe kwalo kuye phezulu, ikakhulukazi eYurophu, ethembele kakhulu emandleni angenisiwe.
Inani Lokwehla Kwamandla Emali Likhuphuka Licindezela Abathengi Nezinkampani
Inani lokwehla kwamandla emali elingu-2.8% ngo-2026 lingenye yezinto eziphambili embikweni. Nakuba leli nani lingakhombisi ukukhuphuka okungalawuleki, likhombisa ukuthi ukwehla kwamandla emali kuhamba kancane kunalokho obekulindelwe, bezama amabhange amakhulu ukuthi aqaphele. Umphumela oqondile uthinta izikhwama zemindeni: ukudla, ezokuthutha, amandla, nezinsizakalo kuyabiza, kunciphisa amandla okuthenga futhi kwehlehle ukusetshenziswa. Ezinkampanini, izindleko zokukhiqiza ziyakhuphuka, imajini iyacindezelwa, futhi izinqumo zokutshala imali ziyahlehlewa. Imikhakha ebalulekile yezimboni, ethembele kumandla azinzile namanani abikezelwayo, iyathinteka kakhulu. I-IMF igcizelele ukuthi ukukhuphuka kwezindleko zamandla kuqhubeka kuthonya ezokukhiqiza, ukuzethemba kwebhizinisi, nezimo zezezimali, kudala isimo lapho ukululama kwe-eurozone kungathatha isikhathi eside ukuthi kube namandla.
I-ECB Likhuphula Inzalo Futhi Impi EMpumalanga Ephakathi Yengeza Izingozi
Isilinganiso esisha se-IMF sihambisana ngqo nomgomo wezezimali we-ECB. Ngalo lolo suku, i-ECB yakhuphula inzalo okokuqala ngqa eminyakeni emithathu, ngokusho kwe-Reuters, futhi i-IMF yahlola ukuthi inhlangano ingase yenze okunye ukukhuphula okuphindwe kabili ngo-2026, okunomkhuphulo ophelele wamaphoyinti ayi-50, futhi nokukhuphula okwesithathu kusengozini. Lokhu kukhombisa ukuthi isiphathimandla sezezimali saseYurophu sibambene phakathi kwezingozi ezimbili: inani lokwehla kwamandla emali elingaphezu komgomo kanye nokulahlekelwa amandla omnotho. Lapho inzalo ikhuphuka, inhloso ukunciphisa ingcindezi yokwehla kwamandla emali, kodwa izindleko ukukhuphuka kwezikweletu nokuncipha komsebenzi wezomnotho. I-IMF iphakamisa ukuqaphela ukuze ohulumeni bangaphenduli ngezikhuthazo ezinkulu kakhulu ezinkokhelweni zamandla, incoma ukwesekwa kwezimali okuqondisiwe, ikakhulukazi emindenini ebuthaka, hhayi iphakethe elibanzi elingase likhuthaze isidingo futhi kube nzima ukulwa nokwehla kwamandla emali.
Umthelela Wempi EMpumalanga Ephakathi Emnothweni Womhlaba Wonke
Impi eMpumalanga Ephakathi ibe yinto ephakathi ekuhlaziyweni kwe-IMF ngoba iYurophu izwelwa kakhulu ezimbozweni zamandla. Lapho uwoyela negesi kukhuphuka, umthelela awugcini emkhakheni wamandla: usakazeka ezokuthutha, ezimbonini, ezolimo, ezokuhambisa kanye nezinsizakalo. Umbiko ukhomba ukuthi ukushuba okuqhubekayo kwempikiswano, ukubambezeleka ekulungisweni kwengqalasizinda yamandla, noma izingxabano ezinkulu e-Ukraine kungadala izingozi ezengeziwe esifundeni. I-IMF ibona isimo lapho ubuthaka obukhona bungakhula ngokushesha uma imithombo emisha yokushaqeka ivela. Lesi simo sishintsha umbono womhlaba wonke ngezingozi, kuholele abatshali-mali ukuthi bafune amafa aphephile, kuyilapho izimali, amasheya namabhondi amazwe athe xaxa emandleni nasemkhiqizweni wamazwe ngamazwe eba neguquguquka kakhulu. Umthelela awugcini eYurophu; usakazekela e-United States, e-Asia, eLatin America nasezimakethe ezikhulayo.
Ukubaluleka kwalokhu kubuyekezwa kudlula kwe-eurozone. IYurophu iseyiye enye yezomnotho ezinkulu emhlabeni, enokuhlangana okuqinile kwezohwebo, ezezimali nezimboni. Lapho i-IMF inciphisa isilinganiso se-eurozone, ithumela isixwayiso ngejubane lomnotho womhlaba wonke. Ekubuyekezweni kuka-Ephreli 2026, i-IMF yabikezela ukukhula komhlaba wonke okungu-3.1% ngo-2026 no-3.2% ngo-2027 ngaphansi komcabango wempikiswano elinganiselwe eMpumalanga Ephakathi. Ngisho nasesimweni esilawulekayo ngokwanele, inhlangano yayisivele ikhomba ukukhuphuka kwenani lokwehla kwamandla emali emhlabeni wonke ngo-2026 ngaphambi kokwehla okunye ngonyaka olandelayo. Ukuncishiswa kwesilinganiso se-eurozone kuqinisa ukuthi isimo samazwe ngamazwe siqhubeka sithathwa yimithombo yokushaqeka. Kubatshali-mali bomhlaba wonke, lokhu kusho ukuthi izinqumo zokwabiwa kwemali zidinga ukucabangela isithombe esiyinkimbinkimbi, esinamazinga enzalo aphezulu esifundeni, inani lokwehla kwamandla emali elicindezelayo kwesinye, kanye nokungezwani kwezepolitiki kwesithathu, okudala ukungaqiniseki okukhulu. Amafa avikelekile avame ukuthola indawo, kuyilapho imikhakha enomjikelezo ingase ihlupheke kakhulu. Kunemiphumela emalini: uma umnotho waseYurophu uncipha kakhulu kunalokho obekulindelwe, i-euro ivame ukucindezelwa uma iqhathaniswa nedola, kuthinte izinto ezingenisiwe, ezithunyelwayo, amabalansi ezinkampani nokuhamba kwemali.
Isimo esingathakazelisa kakhulu, ngokusho kwemininingwane ye-IMF ne-Reuters, iYurophu ikhula kancane, inani lokwehla kwamandla emali lisaphezulu kwalokho obekungenwa, futhi amabhange amakhulu egcina indlela yokuqaphela. Ingxenye yokuqala ka-2026 ibonise ukuthi ukululama kwe-eurozone kuqhubeka kusengozini yemithombo yangaphandle. Uma amanani entengo yamandla ehlala ephakeme, inani lokwehla kwamandla emali lingase libe namandla futhi liphoqe i-ECB ukugcina amanani enzalo ephakeme isikhathi eside, kunomthelela oqondile ekusetshenzisweni, ekutshalweni imali nasekuzethembeni kwebhizinisi. Ngakolunye uhlangothi, ukulungiseka kwesimo sezepolitiki nokujwayeleka kwamanani entengo yamandla kungase kunciphise ingcindezi. I-IMF, nokho, ikwenza kucace ukuthi ingozi manje ithambekele phansi kunaphezulu.