$Sea Ltd(SE)$Primarily, global economic woes impose substantial concerns over SE stock. PerBloomberg, “Shoppers emerging from pandemic lockdowns are cutting back on online purchases, shifting toward essentials during a potential recession.”
While the inflationary trend of the U.S. dollar obviously garners the most attention, Sea’s home nation hasn’t been immune. Indeed, anotherBloombergreport last month noted that Singapore’sinflation rate increased 4.4% in Junefrom a year ago. Therefore, the news agency stated that this dynamic bolsters the case for more tightening.
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