Costs were already rising before Russia invaded Ukraine. Now, Asia’s businesses and households are being squeezed even harder, Nikkei Asia reported.
With Asian currencies weakening against the dollar and central banks pushing rates up, the region—the world’s consumption growth engine—faces a cost of living crisis. As Asians struggle to make ends meet, leaders due for reelection over the next year could face their wrath.
Read the full report: Nikkei Asia
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