THERE are 10 economic and market indicators to gauge whether the US economy is headed towards a recession, and it appears that an increasing number of data points are drifting into neutral or negative territory.
EXPORTS expanded strongly in June, growing by 38.8% year-on-year (y-o-y), but palm oil exports could face stiffer competition from Indonesia and oil and gas shipments could moderate on softening energy prices.
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IN times of rising inflation, funding the hefty RM77.3bil subsidy bill has become so important that mega projects which carry substantial spin-off effects, may be delayed to make way for the subsidies.
THE US Federal Reserve’s (Fed) aggressive interest rate hike may have brought some certainty regarding its inflation control, but has also thrown up challenges to strike a fine balance and avoid a hard landing.