August 9, 2016 – John Hoffmire, Director at SaÏd Business School at Oxford University, writes about Sarona’s unique investment approach targeting high financial returns based on ethical, social and environmental values in an article for Desert News, Sarona: A private investment firm with a heart.
The global economic outlook continues to remain challenging, particularly given the effects of higher inflation, as a result of supply side imbalances following covid-19 and subsequently the war in Ukraine. Energy and food prices remain major contributors to this surge with prospects of further rises in interest rates going into next year. With recessionary warning signs flashing, a flight to safety has strengthened the US dollar, with the index (DXY) peaking above 13% before softening to 4.6% YTD. Despite emerging markets facing higher import costs and stronger inflationary pressures as a result, including the prospects of depleted currency reserves, economic growth forecasts remain positive for this year, albeit at more moderated levels.