Sat May 18 20:50:54 SAST 2013
Sat May 18 20:50:54 SAST 2013

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.

Picture taken from www.iraq-businessnews.com

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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. 

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