Africa Business Radio

IMF chief economist Gita Gopinath says Energy prices, which have soared in recent days, are likely to remain high in the coming months but begin to retreat early next year, She says while energy prices will be elevated for the next couple of months, they expect that to come back down by the end of the first quarter next year and into the second quarter.Gopinath cautioned that the weather will play a factor since a very severe winter could lead to broader power outages that will have a much bigger effect on the world.