DEA warns of El Nino, crude shock risks to growth

'Cannot Take High Growth For Granted': DEA Flags El Nino, Crude Oil Shock And Employment Risks. The Department of Economic Affairs (DEA) has warned of potential economic headwinds, including El Nino-induced heatwaves, a spike in crude oil prices above $100/barrel, and rising unemployment. These factors could pressure inflation, widen the current account deficit, and slow GDP growth. Policymakers may face tighter fiscal and monetary trade-offs ahead.

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