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June 25th, 2008

Asia’s inflation becomes the world’s problem

Posted by: Reuters Staff
Tags: Plotlines

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Asia cemented its status as the 21st Century workshop of the world by exporting the goods global consumers loved at prices that kept falling. Now it’s producing the one thing the world hates — inflation.

Higher prices from the world’s factory floor have major implications for a global economy still reeling from the credit crisis and increasingly dependent on Asian exports.

Read the full story by Kevin Plumberg

One comment so far

The higher oil price effect has made a new world worried. if a few years ago, terrorist has made trouble in US. but now oil and asian inflation are “more danger” than that.

- Posted by dewa

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