Russian – Ukraine War, China Lockdowns Could Push US Economy Into Stagflation In 2023
International Business Times | November 29, 2022
Chamara Gunetileke, Senior Director Specialised Solutions Acuity Knowledge Partners was featured in International Business Times. In the article, Chamara highlights concerns about the industrial capacity constraints and logistical bottlenecks in China which could reduce the supply of Chinese goods to the U.S. market and push up prices as holiday demand picks up.
"China is a major supplier to the U.S., accounting for around 17% of total U.S. imports, and higher import prices would drive up inflation in the broader U.S. economy," he explained.
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