Should Singapore manage stagflation or curb inflation first?

The Russia-Ukraine conflict poses a risk of stagflation, but academics said that Singapore should focus on managing global inflation instead.

NTU economist Assoc Prof Yip Sau Leung said that while stagflation is now a possibility following the Russia-Ukraine conflict, it is still too early to draw conclusions. One of the key indicators is the international crude oil price, he added, pointing to the two stagflations in the US in the 1970s that caused international oil prices to rise about three to four times.

Read the article (in Chinese).

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