It is surprising but Asian countries are the only region on the planet where there is no rise in inflation and there aren’t obvious problems with commodity logistics like in other parts of the world. Partly, an absence of long-term lockdowns, which would bring such a sudden growth in demand after the restrictions were cancelled, can explain this. Consequently, central banks’ key rates aren’t increasing either. According to forecasts in 2021, the economies of the region’s countries will go 7,3% up, noted Realnoe Vremya’s columnist, economist with long-term banking experience Artur Safiulin.
The situation around the world and Russia
The end of lockdowns and the world economy’s recovery led to higher demand for primary energy, basic materials and food. Production flexibility in the real sector has its limits and simply doesn’t catch up…
