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- 04.07.24
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We have moved into a new regime where inflation will be structurally higher, despite the longer-term structural anchors of higher debt burdens, ageing societies and ongoing technological disruption. Energy markets remain constrained, labour in short supply and fiscal policies remain vulnerable to the demands from voters to alleviate the pressure on real wages, particularly for lower income groups. As Nikko AM explains in this report, the future profitability of companies is a top priority. Download now.