
Refined-fuel shortages and high financing costs are narrowing the room to absorb further shocks
Seven risks, one shrinking margin for error: refined fuels, insecure routes and costly finance are constraining the capacity to absorb further shocks.
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Seven risks, one shrinking margin for error: refined fuels, insecure routes and costly finance are constraining the capacity to absorb further shocks.

Physical energy disruption is the immediate constraint; concentrated food and industrial dependencies are the main multipliers.