Commentary: Iran war has raised inflation risks. Why are Asian economies still growing?
Business
For all the attention on inflation, the bigger surprise this year may be how resilient the region has been, says DBS chief economist Taimur Baig. SINGAPORE: At the beginning of the Iran war, there was widespread fear that the world was headed for a stagflationary shock - a toxic combination of lower economic growth and high inflation - reminiscent of the 1970s. Then, a series of oil crises triggered by geopolitical tensions in the Middle East sent energy prices soaring, fuelling inflation and
ultima oră