Middle East inflation builds

Thursday 1 February 2024

I remain alert, not alarmed by the Middle East. But, there is an obvious risk case that gets worse, and Deutsche Bank has outlined it.

Red Sea transits have collapsed:

Longer shipping times means more containers needed:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.