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This article first appeared in Forum, The Edge Malaysia Weekly, on June 20, 2022 – June 26, 2022. The chances of a military clash are still low but the growing tensions between the US and China will still drive big changes in the workings of the world economy – A + A Markets are in a deep funk, rattled by the prospect of inflation surges in the US that will prompt aggressive rate hikes by the US Federal Reserve. The Ukraine war and the worsening tensions between the US and China have added to the confusion among investors. And the…
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