There have been growing concerns about the increase in prices in Singapore. On a year-on-year basis. Singapore's headline inflation increased to 4 per cent in December 2621 - a near nine-year high. This has had a huge impact on household budgets. From higher utility bills to higher prices of coffee in the coffeeshops, Singaporeans are now paying more and saving less. In 2621. Singapore's private home prices increased by 16.6 per cent and H66 resale prices increased by 12.? per cent. The Straits Times Index [STIl enjoyed a total retum of 16.6 percent. Sales of shophouses also rose to an all-time high of 6351 .6 billion. with freehold shophouses seeing a rise in the average unit price by 16.6 per cent year-on- year. Through their impact on rents. this will have a domino effect on other aspects of the economy. Demand for Singapore's houses will continue to rise if property continues to be seen as a stable. appreciating asset. relative to other countries. Another key difference about the current ination is how they are also driven by supply bottlenecks due to the unprecedented pandemic curbs as factories were closed and workers were unable to work. These shutdowns led to a shortfall in raw materials. impacting other related industries. For instance. semiconductor shortages have hindered the production of automobiles. driving up prices. Furthermore. freight rates have increased by more than 16 times due to port disruptions and a lack of shipping containers. These have led to an increase in cost of production in Singapore forfirms. causing firms to raise their prices to protect their profit margins or go out of business. Singapore has maintained its 2622 GDP growth forecast for this year at 3 to 5 per cent. Moving forward. Ministry of Trade 6 Industry said the economy will continue to grow. albeit unevenly. in 2622. It noted that the outlook for Singapore's external demand has "deteriorated slightly" since its last report in November. as many economies tightened restrictions to combat the highly transmissible Omicron variant. Global supply bottlenecks remain and are expected to persist throughout the first half of this year. This may constrain industrial production and growth in some external economies in the near term. These persistent supply chain snarls. alongside rising energy prices due to geopolitical tensions. have also exacerbated global inationary pressures. Introduction, provide background research findings on the macroeconomic situation in the case article provided. Main Discussion, using the "Design Thinking" process: Define, identify 3 macroeconomic issues with appropriate economic analysis. Ideate, suggest at least 7 potential ideas/policies/solutions with appropriate economic analysis that the households, businesses, government, etc, can implement to effectively address the 3 macroeconomic issues identified. Empathise, state the key recommendations to be implemented for each of the 3 macroeconomic issues, and explain the implications with appropriate economic analysis on the relevant groups of stakeholders such as households, businesses, government, etc