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Ukraine war will hurt Singapore's economic growth but not all is lost
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The relatively well-functioning manufacturing supply chains have been a key factor in assisting growth across Asia.
PHOTO: AFP
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SINGAPORE - The fallout from the Ukraine war is boosting inflation and bleeding economies worldwide, which in turn has dampened trade-driven Singapore’s growth outlook while threatening to send living costs sky high.
Unfortunately, the way to tame inflation before it becomes entrenched is to allow the cost of borrowing to rise, usually seen as a growth-busting option.
