SINGAPORE - Supply chain disruptions caused by the Ukraine war and Covid-19 lockdowns in China may continue to fuel inflation that threatens to squeeze consumer wallets and cut business spending, analysts said.
But an aggressive response by central banks - the guardians of price stability - could result in similar outcomes, so governments may need to provide temporary assistance to vulnerable households and businesses, they added.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
