The shadow of a visitor falls on a huge 100-yuan note at an art exhibition in Beijing. Photo: AFP

For a fuller picture of the world economy, take a look in the shadows

Andrew Sheng says we may have underestimated the resilience of the world economy to stagflation because there is a significant sector of economic activity – the shadow market – that we do not measure

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The shadow of a visitor falls on a huge 100-yuan note at an art exhibition in Beijing. Photo: AFP
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