Inflation and recession dominate outlook, increase risk of accidents

The Star Business LogoThe Star Business1 mo ago

Inflation and recession dominate outlook, increase risk of accidents

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NEW YORK: Central banks' focus on fighting persistently high inflation could lead to a recession over the next two years and raise the risk of 'financial accidents', U.S.investment firm PIMCO said on Wednesday.

But uncertainty around the pace of tighter monetary policies and its consequences for global economies have led to high volatility in markets.

Geopolitical instability caused by the war in Ukraine has also contributed to wild price swings across bonds and stocks, while exacerbating inflation by pushing the costs of commodities such as oil and gas.

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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Central banks /Business/Business News Economy Econ recession Inflation Raise Interest rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 06:35:00

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 436 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 4517

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website:

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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