πΏπ¦ Oil Price Shock Impact on South Africa
Modeled estimates of how a sudden oil price increase (to $128/barrel, realistic sensitivity) would affect different sectors of South Africa's economy.
Sectors
- βοΈ Travel & Tourism β estimated +16.8% to +30.7%
- π Transportation β estimated +22.4% to +40.3%
- π Food & Groceries β estimated +8.4% to +20.5%
- β‘ Energy β estimated +27.9% to +43.9%
- ποΈ Construction β estimated +11.2% to +23.9%
- π General Cost of Living β estimated +14% to +27.3%