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Tug of war between growth and inflation to intensify for markets
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Slowing growth, rising prices and spiking interest rates make a nightmare scenario for financial markets.
PHOTO: EPA-EFE
SINGAPORE - Slowing growth, rising prices, spiking interest rates. These make a nightmare scenario for financial markets.
While we are not in this territory, analysts' chatter about stagflation are injecting a healthy dose of nervousness into market sentiment. This is evident from the turbulent trading sessions which have seen coming during the final quarter of the year.
