SHORTAGE WOES

■ With power demand likely to rise amid the continued economic normalisation and upcoming festive sales, supply-side disruptions pose an important near-term downside risk to growth momentum, Nomura warned

■ If power outages become more widespread, then industrial output could suffer in the near term, while higher energy costs may squeeze firms' margins and add to consumer price inflation

■ The brokerage upped its consumer price index (CPI) inflation target for 2022 to 5.2 per cent from 5 per cent earlier