RIYADH: Ongoing geopolitical tensions that are impacting the global economy are likely to persist in 2024 but are expected to ease in 2025, according to a leading think tank.
In its latest report, Saudi Arabia’s King Abdullah Petroleum Studies and Research Center stated that geopolitical headwinds are anticipated to create uncertainty in the global economy, leading to potential price hikes.
“The clearest result of our semi-annual survey indicates that geopolitical tension will continue in 2024 and relax in 2025,” stated KAPSARC in its report.
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