Red Sea Crisis Could Fan Asia’s Inflation Anew, Delay Rate Cuts
- Export disruptions could hit Thailand, Indonesia hardest: EIU
- Rising prices may delay rate easing in India, Philippines
A cargo ship off the coast of Djibouti.
Photographer: Luke Dray/Getty Images
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Asia could see slower economic growth and a resurgence of inflation as escalating violence in the Red Sea snarls shipping between the region and their trade partners in the US and Europe, according to the Economist Intelligence Unit.