Risks to global recovery grow as central banks fight inflation

Shoppers at a street stall in Hong Kong on Jan 30, ahead of Chinese New Year. PHOTO: BLOOMBERG
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SINGAPORE - The year is only a month old yet downgrades and risk warnings on global growth are already pouring in.

After a year of strong lift-off from the depths of the downturn wrought by the pandemic in 2020, the world economy seems to be heading towards a rather chaotic phase of recovery.

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