Most Asean states are only just getting their economies back on track after two years of disruptions due to the pandemic. Photo: Xinhua
Most Asean states are only just getting their economies back on track after two years of disruptions due to the pandemic. Photo: Xinhua
Asean

How would a US recession impact Singapore, Malaysia, Thailand amid surging inflation?

  • The Fed has hiked rates and may do so again, as food supply chain disruptions and surging oil prices have caused inflation levels to hit a 40-year high in the US
  • If the US were to enter a recession, export-reliant Singapore and Malaysia would be among the worst hit, while remittances to the Philippines may decline, analysts say