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Inflation not Asia's only worry as growth risks intensify

Sharp downturns in the U.S., Europe and China will shift the balance decisively

| Southeast Asia
A police officer on duty during a citywide lockdown in Shanghai on April 25: The risks do not seem so remote anymore.    © VCG/Getty Images

Priyanka Kishore is head of India and Southeast Asia macro and investor services at Oxford Economics.

With the world just recovering from the pandemic-induced downturn, nobody expected to hear the "R" word again so soon. Yet here it is.

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