Oil could kill recovery
Apr 26, 2012 | I-Net Bridge | 0 comments
OIL price volatility is expected to continue as the interplay of risks from the slowdown in global economic growth and tensions in some oil-producing countries persist, the South African Reserve Bank warns.
It said if the " high level of oil prices" persisted , the economic recovery could be derailed. Economic environments continued to be characterised by fragility, with downside risks remaining, it said.