Conflict in the Middle East and expectations of a shallower Fed easing cycle could introduce some speed bumps but should not halt SA’s economic recovery
Conflict in the Middle East and expectations of a shallower Fed easing cycle could introduce some speed bumps but should not halt SA’s economic recovery
Conflict in the Middle East and expectations of a shallower Fed easing cycle could introduce some speed bumps but should not halt SA’s economic recovery
17 October 2024 – 05:00
by Claire Bisseker
Just when South Africa thought it was entering calmer waters, volatile international geopolitics and the prospect of higher oil prices, stickier inflation and slower interest rate cuts by the US Federal Reserve are threatening our nascent economic recovery.
With the Middle East on the cusp of a regional conflagration, oil markets have become jittery. The oil price has whipsawed around the $80 a barrel (bbl) mark over the past week…
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