Financial panic notwithstanding, banks and insurance operators in APAC are modestly increasing their advertising and promotion expenditures, but with a strategic change in focus, writes PHD Hong Kong's CEO.
New research suggests that a run-on deposits at those two banks could have set off a cascading series of bank failures, crippling small businesses and economic activity across wide parts of the country
Grantham’s warning of a deep recession is similar to the views of economist Nouriel Roubini, who recently cautioned investors of a painful stagflation-driven recession for the global economy due to the cold war between the US and China