Centre for Market Education CEO Dr Carmelo Ferlito
KUALA LUMPUR: The government should take into account the issues of inflation and stagflation when preparing Budget 2022, according to think-tank Centre for Market Education (CME).
“Lockdowns have generated supply-side shocks, which are now pushing up prices of transports and commodities. However, the additional money supply created by expansive fiscal and monetary policies is exacerbating the risks of inflation and potentially undermining the future recovery,” explained Dr Carmelo Ferlito, CEO of CME.
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