DODOMA, March 31 -- THE escalation of the Middle East conflict has sparked a new wave of uncertainty in global markets, mainly caused by tighter financial conditions, rising energy prices and supply chain disruptions.

These disruptions present real risks to the stability of Tanzanias macroeconomic system and the well-being of its people, an economy that depends heavily on fuel but is experiencing rapid growth.

The consequences are expected to influence inflation, interest rates, energy costs, debt repayment ability and economic growth.

The key point is that these pressures unevenly affect lowincome households more than wealthier groups.

In this article, I provide a comprehensive examination of the primary economic transmission channel...