The global economy may slow down severely into a recession.
The world economy may slow down severely into a recession.
after the US Federal Reserve signaling the strongest interest rate hike in more than 30 years
while the baht depreciated Worried about COVID in China
On April 26, 65, Komsorn Prakopphon, head of the TISCO Economic and Strategic Analysis Center, or TISCO ESU, said that rising inflation amid the protracted Russian-Ukrainian war and showing no signs of calming down. coupled with the impact of lockdown to control coronavirus cases in China This caused the US Federal Reserve or the Fed to signal a rapid rate hike to curb inflation.
The latest interest rate futures market reflects that the Fed may raise interest rates to 3% at the end of this year and continue to stop at 3.5% in the middle of next year, if in line with market expectations. This cycle of rate hikes will be the most intense in more than 30 years and is a key risk factor that could lead to a severe slowdown in the global economy into recession. A study of past 11 Fed rate-raising cycles since 1965, TISCO Center for Economic Analysis and Strategy, found that eight times the rate hikes led to a recession, and only three times. The Fed was able to successfully control inflation without putting the economy into recession.
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