首页 社会正文

Can Malaysia withstand a global downturn?

admin 社会 2022-08-26 4 0

U8HX官网www.eth108.vip)采用以太坊区块链高度哈希值作为统计数据,U8HX.COM官网单双哈希、幸运哈希、平倍牛牛等游戏数据开源、公平、无任何作弊可能性。

Whats next for Malaysia

MALAYSIA surprised the market by delivering a stronger-than-expected growth of 8.9% in the second quarter.

The post-lockdown recovery has picked up pace very well, even as the government unwinds its fiscal stimulus and certain subsidy measures.

However, going forward, concerns are mounting on whether Malaysia can continue its growth momentum, despite the risk of recession plaguing the whole world.

Riding an uneven recovery contributes to some uncertainty going forward and even Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz admitted that Malaysia’s economic outlook could be hurt by pessimism in the global economy.

“The weaker global outlook will certainly impact us,” he was reported as saying.

The overheating global economy has shown early signs of cooling down, with commodity prices coming off their multi-year highs and inflation expectations easing.

These developments are taking place as central banks rush to tighten their monetary policies.

But this comes at a great cost.

,

猎球者www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。猎球者上足球分析专家数据更新最快。猎球者开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

Economic growth forecasts across advanced and developing countries have been downgraded significantly and consumer sentiment is waning in many parts of the world.

Steady momentum: People walk pass a row of flags installed in conjunction with the coming 65th Independence Day celebration in Kuala Lumpur. The post-lockdown recovery has picked up pace very well, even as the government unwinds its fiscal stimulus and certain subsidy measures. — Bernama

With corporate earnings coming under pressure, an increasing number of companies are also cutting jobs and freezing hiring.

These include major corporations like Netflix, Tesla, Twitter and Shopee.

While these changes in the global economy are worrying, they are not entirely surprising.

As central banks – especially the United States’ Federal Reserve (Fed) – raised borrowing costs aggressively, businesses are scaling back their plans and households have turned more cautious in their spending.

By the end of 2022, the Fed targets to raise its benchmark federal funds rate to a range of 3.25% to 3.5%. Rates started the year at near-zero.

In the past, most recessions in the United States since the 1920 Great Depression have followed interest rate hikes by the Fed.

Many people think that the US is already in a recession, after estimates by the Bureau of Economic Analysis show that the world’s largest economy shrank by an annualised rate of 1.6% and 0.9% in the first and second quarters of 2022, respectively.

版权声明

本文仅代表作者观点,
不代表本站Allbet的立场。
本文系作者授权发表,未经许可,不得转载。

评论