Macroeconomics

Despite the normal flow of economic data, the global financial community was much more affected by ‘exogene shocks’ or external influences again.

The expectation of a second big hurricane to hit the south of the US, not only threatening human lives and homes but also the US oil industry, led to a rise in oil prices again, However, at the end of the day, prices did not reach the record levels already seen earlier this season and fortunately it seems that ‘Rita’ has caused much less damage than ‘Katrina’ before.

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