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Amid rising inflation around the world, Asian countries are a safe haven — RealnoeVremya.com

Mount Equity Group Tokyo, Japan > News > Markets > Amid rising inflation around the world, Asian countries are a safe haven — RealnoeVremya.com

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.

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