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PETALING JAYA: Although inflationary pressure may ease somewhat, prices could remain elevated this year. This may put a strain on the cost of living.
COMING out of the 2008 global financial crisis, it took too many too long to recognise that the economic shock was more structural and secular rather than cyclical. The result was a policy response that, while effective in dealing with the immediate emergency, proved insufficient for longer-term economic well-being.