TOKYO – Two months ago, a call for stagflation in Asia would’ve drawn guffaws of laughter. Now, it may be a fait accompli as Russia’s war in Ukraine upends inflation dynamics from Indonesia to India. Though global inflation surged in 2021, the gross domestic product (GDP) trajectory was robust enough to make 2022 a year […]
Ukraine crisis stoking Asia stagflation risks
Skyrocketing oil and food prices set to deflate regional economies still very much in the doldrums of the pandemic
