Energy crunch stokes inflation, economic recovery fears

Published by
Reuters

By Muyu Xu and Shivani Singh BEIJING (Reuters) – Authorities from Beijing to Chennai scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and curtail an economic recovery. Power prices have surged to record highs in recent weeks, driven by energy shortages in Asia, Europe and the United States, with an energy crisis in China expected to last through to the end of the year and crimp its economic growth. And the impact of supply crunches in power and manufacturing components is showing up…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *