Is Inflation Returning to Asia?
The specter of inflation is haunting Asia. Just ask Singapore, normally viewed as the least inflation-prone country in the region. Despite a strong currency, deflationary fiscal policies and the absence of independent trade unions to push up wages, Singapore is now seeing its highest inflation rate since the mid-1990s. The other city state, Hong Kong, i…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.