recession
- Business News
Thailand boosts export defences amid global recession fears
The Government of Thailand ramped up efforts to counter potential impacts on exports amid concerns of a looming global recession driven by US economic uncertainties. Commerce Minister Phumtham Wechayachai highlighted the continuous monitoring of the US economic landscape, expressing worries about a possible recession that could ripple through global markets. “The government will not let Thai businesses and consumers be…
- Economy News
Economic unit predicts ‘bond-ing’ boom amidst 2024 global recession
Tisco Economic Strategy Unit (ESU) warns the impending global recession in 2024 could likely lead to a surge in the return on bond investments to over 10%. This potential economic shift prompts Komsorn Prakobphol, the head of the economist strategy unit at Tisco ESU, to advise investors to lessen their stock investments and instead channel more into debt instruments, particularly…
- Economy News
Thai economy faces scrutiny amid recession fears and slow pandemic recovery
The Thai economy is in the spotlight as concerns over a looming recession persist due to the nation’s weak export outlook and slow recovery from the pandemic. Last week, the government faced heavy criticism from opposition parties and business leaders during a Thai economy policy debate, with the latter expressing concerns over the lack of detail in the 43-page policy…
- World News
Singapore at high risk of technical recession amid external challenges
Singapore is facing a heightened risk of entering a technical recession in the second quarter as external challenges continue to impact the economy. The city-state saw a 0.4% decline in the economy during the first quarter compared to the previous three months, marking a reversal from the 0.1% growth in the fourth quarter of 2022. Singapore last experienced a technical…
- World News
IMF predicts a recession in Thailand
The head of the International Monetary Fund (IMF) predicts Thailand and Southeast Asian countries will suffer from recession this year along with the rest of the world. Kristalina Georgieva believes a third of the global economy will be in recession this year, including Thailand, and Vietnam. The 69 year old Bulgarian economist reckons 2023 will be “tougher” than last year…
- Hot News
IMF says world economy about to hit recession
The International Monetary Fund (IMF) warns the world economy will be in a recession as it downgraded global growth projections for next year. The IMF warned policymakers that a worldwide recession will occur if the fight against inflation is mishandled. The IMF’s bleak assessment comes after reviewing the World Economic Outlook report. According to The Straits Times, the report was…
- Hot News
WTO chief says world economy tipping towards recession
The World Trade Organisation chief is echoing others in their concern over the world economy falling into a recession. WTO director-general Ngozi Okonjo-Iweala didn’t hold back when she recently commented on the situation. “The indicators are not looking good. I think a global recession-that is what I think we are edging into.” Her analysis comes as the WTO intends to…
- Covid-19 News
5 million deaths – 22 months of Covid-19
Covid-19 has killed more than 5 million people across the globe, a grim milestone after nearly 20 months of lockdowns, information overload, misinformation and misery. The US has contributed the largest single body count from the coronavirus – 4% of the world’s population but 15% of the total deaths. Covid-19 is now a leading cause of death in the US,…
- Things To Do
Things that have changed in Thailand in the Covid Era | Top 10 | VIDEO
Top 10 things that have changed in Thailand during the Covid-era Things have changed. In some cases they’ve changed a lot and may never be the same again. Many people are suffering as a result of the impacts of lockdowns and the border closures. Some people are being forced to re-invent their lives as a result. Here are some of…
- World News
Australia falls into a recession, global economies at a loss
“Our record run of 28 consecutive years of economic growth has now officially come to an end. The cause: a once-in-a-century pandemic.” Just about everyone hit from the coronavirus pandemic. Businesses closed. Many lost their jobs. Paychecks were cut. Economies across the globe slipped into recession and Australia is now added to that list. The country reported it has sunk…
- Covid-19 News
When will the world open up again for travel?
OPINION 9 months since the first outbreak in China, international borders remain mostly sealed. Most travellers, excepting certain categories, are prevented from leaving or entering in the majority of countries. The shutters went up in March and April in much of the world, a bit later in some countries, as governments and medical officials figure out how to safely re-open…
- World News
Philippines plummets in to recession as virus numbers spike
The Philippines, reeling from Covid-19 lockdowns that have destroyed businesses and thrown millions out of work, plunged into recession after its biggest quarterly contraction on record, data showed today. The Philippine Statistics Authority says GDP 16.5% year-on-year in the second quarter as the country endured one of the world’s longest stay-at-home orders to slow the spread of the virus that’s…
- Covid-19 News
PCT – we’re all going to be suffering from Post-Coronavirus Trauma
OPINION The sun will rise. All this utter disruption to our lives will come to an end at some time. But the hangover will linger a lot longer than the fairly sudden stop to just everything we were familiar with. Whilst economists will argue whether it’s a recession or depression, the world will go into a long re-awakening after the…
- World News
US Fed poised to cut rates this week
“Hiring, while strong, has slowed. Business investment is moribund. Exports are weakening. And manufacturing – always a vital economic weather vane – is in recession.” by Douglas Gillison Facing a dauntingly uncertain economic horizon and constant criticism, including insults and demands for stimulus from the US president, the US Federal Reserve is set to cut interest rates this week. In speeches…
- Business News
Don’t mention the ‘R’ word – world’s biggest economies at risk of recession
CARTOON: Financial Times Five big economies are at risk of recession – Germany, Italy, Mexico, Brazil and the UK. A recession is usually defined as two consecutive quarters of contraction in an economy. Locally Singapore and Hong Kong are teetering on technical recessions, both vital regional business hubs. The UK economy shrunk in the second quarter, and growth has flat…
- World News
Singapore economy slides closer to recession, figures worse than expected
Singapore’s economy has tanked in Q2, slowing again after hitting the lowest rate since the global financial crisis of 2008 in Q1 this year. The Singapore Ministry of Trade and Industry pegged Singapore’s economic growth at a mere 0.1% in the second quarter of this year, well below analysts’ expectations of 1.1%, according to a Bloomberg forecast. It is also a far…
