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Al Jazeera
Al Jazeera
World
Marco Jakubec

Ukraine-Russia crisis: Asian economies brace for inflation hit

Asian economies are bracing for higher inflation after Russia's invasion of Ukraine [File: Dita Alangkar/AP]

Hong Kong, China – Russia’s invasion of Ukraine is plunging Europe into its worst crisis since World War II, and the economic ramifications are percolating through to Asia.

While Asian equity markets bounced back on Friday, taking cues from a rebound on Wall Street, analysts warn that surging commodity prices, supply chain disruptions and an inflationary crunch are likely to strain consumers in the region and affect daily lives.

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