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Weathering challenges ahead: Could inflation remain higher for longer?
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With geopolitical tensions on the boil, there may be little respite on the inflationary front, says the author.
PHOTO: ST FILE
Selena Ling
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Global market attention has recently flip-flopped between concerns about rising inflation and growing recession signals.
The start of the Russia-Ukraine war exacerbated commodity price inflation for energy as well as key food items such as wheat, reinforcing the need for countries and industries to diversify relentlessly. Meanwhile, global supply chain disruptions have not been fully resolved and rising energy and food prices have impacted resource security.
