Could attacks from the Red Sea drive up prices and inflation?
After central banks raised interest rates for more than eighteen months, inflation was predicted to decline in 2024. the strongest monetary tightening in many years. However, Houthi rebel attacks in the Red Sea threaten to drive up living expenses once more. Global trade has been hindered by geopolitical conflicts, driving increasing the cost of transportation and insurance. A prolonged conflict in the Middle East, which produces oil, can make people's financial situations even worse. Africa's progress is being severely hampered by its growing debt. We also examine how the sleep industry has grown to be a multimillion dollar industry.
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