Asia economy

Elevated inflation, supply chain strains likely to linger through year-end

A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is hurting multiple sectors

The jump in US yields has intensified pressure across emerging Asia

The region’s credit markets are weathering the recent geopolitical stress with resilience

For now, Singapore, which boasts strong AI-driven economic growth, is expected to see stable inflation

An acute hit to growth is possible if a prolonged conflict triggers supply shortages

Four different plausible futures could pan out, with the worst being a ‘regional firestorm’

A prolonged crisis could spill into other sectors such as air travel and cargo shipping

Analysts say more responses from the US president are likely after the Supreme Court decision