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Brief note intended as a more regular interface with our clients. The emphasis is to provide our interpretation of important economic events, such as South African Reserve Bank interest rate statements, and key data releases, including GDP growth figures.
Rising energy prices are causing growth to slow and inflation to rise globally. Whether this evolves into a full-blown global recession will depend largely on the duration of the shock. To help clients unpack the risks, the BER commissioned the following analysis from two international academic experts. Their sobering conclusion is that the Iran war will likely be protracted and could even broaden into a global conflict.
