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Day: April 15, 2023

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Malaysian economy and BNM

Financial news: IMF says world economic growth slows. What about recession?

As per investopedia.com: A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth mean recession, although more complex formulas are also used. Do read the full writeup in investopedia.com here if you like to know better.

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Financial News

Financial news: IMF chief economist says that inflation could remain high until 2025.

As someone with asset investments (real ones and not the speculative ones), inflation meant that the price of those assets would move upwards with every passing year. That’s good for anyone with an asset. At the same time, whenever I spend money, I noticed that prices have continued to move up. My favourite bowl of fish soup noodle used to be once upon a time RM5. Then, 10% up to RM5.50 and today, it’s RM11. I have no idea if the ingredients really did increase in price that much.

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