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  1. The Confederation of Indian Industry (CII), led by Mukundan, discussed necessary industry reforms in India in light of the ongoing West Asia crisis.
  2. Montek Singh Ahluwalia advises on Indian economic policy and outlook, noting how the West Asia crisis impacts global oil prices and supply chains.
  3. Climate patterns like El Nino are weakening monsoons, while the West Asia conflict drives up global energy prices and contributes to a projected GDP slowdown.
  4. El Nino and the West Asia crisis are adding volatility to food prices, impacting fuel costs and exchange rates.

Maybank provided inflation forecasts for Singapore, noting that El Niño and Gulf War costs are driving up food prices.

1 report, 1 independent Updated Aug 1
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Maybank provided inflation forecasts for Singapore, noting that El Niño and Gulf War costs are driving up food prices.

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  1. Minister Foo Cexiang addressed rising prices of infant formula in Singapore.Sub-event
  2. Maybank forecasts inflation in Singapore, citing El Niño and Gulf War costs as key drivers.1 source

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