# FNB says South Africa has started 2026 with cautious optimism, but global tensions, including the Middle East conflict, are affecting the economic outlook. The bank states the recovery may slow down, but is not expected to stop. It added that local reforms should improve costs and strengthen the economy over time. Koketso Mano says in the housing market, conditions remain positive, but global pressures could slow short-term growth in house prices and mortgage demand:
FNB says buffers needed to shield economy from global shocks [SOUND]
ENG ManoOnGlobalShocks