Manufacturing struggles continue, but local demand shows signs of recovery
The worst of the recent oil price shock has likely passed, barring any further upsurge in global energy costs.
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The worst of the recent oil price shock has likely passed, barring any further upsurge in global energy costs.
'Small businesses typically feel these shocks first because they have less pricing power and thinner cash buffers.'
Oil price shock could lead to a noticeable rise in consumer price inflation and higher interest rates