US recession fears 'overblown' says Federal Reserve official
The world's largest economy still has a 'spectacular' jobs market, and there are signs price pressures are starting to ease, he says.
EPF withdrawals, from pandemic lifeline to boost factor in price of goods?
Economists are split over the effect that such withdrawals might have had on the current food prices.
Overnight policy rate expected to hit 3% by 2023
Analysts believe the rate hikes will continue for the remainder of the year amid rising inflation.
Sri Lanka hikes interest rates, warns trouble ahead
Acute shortages of food and fuel, alongside lengthy electricity blackouts, have led to months of widespread anti-government demonstrations calling for President Gotabaya Rajapaksa's resignation.
US job openings stay high in May, keeping labour market tight
Despite the growing recession fears, the economy continues to chug along.
Russia records weekly inflation for first time since May
Poorer access to goods, severe disruption to supply chains, an exodus of Western firms and sanctions on the import of crucial equipment and technology could push Russia's economy into its worst economic downturn since the mid-1990s.
Sri Lanka looks to Indian visitors to restore battered tourism sector
Known for its rolling hills, pristine beaches and laidback seaside towns, Sri Lanka is grappling with its worst financial crisis in seven decades.
Bank Negara raises overnight policy rate 25 basis points to 2.25%
The ceiling and floor rates of the OPR corridor are correspondingly increased to 2.50% and 2.00% respectively.
Young Indian job seekers fume over shortened military contracts
India's unemployment peaked at 23.5% in 2020 in the first full year of Covid-19 and has remained above 7% since, according to data from Mumbai-based the Centre for Monitoring Indian Economy, higher than the global average.
