SINGAPORE (The Straits Times/Asia News Network): While the risk of a recession in the United States keeps mounting, chances are that Singapore and most Asian economies will avoid a deep and prolonged downturn.
Malaysia appears to be among countries that are prone to face higher inflation amid rising food costs following the surge in energy prices, according to an estimate by HSBC Global Research. The risk of a spill-over from rising energy and food prices into core inflation, coupled with pent-up local demand amid recovery from the pandemic, would accentuate price adjustments throughout the economy and tightening job markets, said the research house’s economist Yun Liu in a note on Thursday.
Omicron COVID variant underlines need for global pandemic treaty thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.
The emergence of the threatening new Omicron variant shows how important it is for the world to end the current “cycle of panic and neglect” over the COVID-19