tags - Sinar Daily

Given such adverse shocks as high inflation, rising interest rates, sluggish investment and the Ukraine crisis, global growth has slowed "to the extent that the global economy is perilously close to falling into recession.

The report stated the company does not have a set dollar amount to cut or a number of employees he's planning to let go. - Photo: AFP

People shop on a street in the town of Sheung Shui near the border of mainland China in Hong Kong on January 4, 2023 ahead of the opening of the border on January 8. - The border has been effectively shut for nearly three years while China enforced a zero-Covid strategy of snap lockdowns, travel restrictions and mass testing that battered the world's second-largest economy. (Photo by Peter Parks / AFP)

Ringgit opens slightly higher against the US dollar on Wednesday, despite market uncertainty over the US Federal Reserve’s upcoming interest rate decision. - Photo: 123RF

The UK economy is "unusually exposed" to a worldwide surge in energy prices and interest rates as the country's demand for gas hardly matches storage capacity and a large number of mortgage deals will have to renew fixed-rate contracts - 123RF Photo

Photo for illustration purpose only. (Picture by BERNAMA)

A flash back of 2022

illustrative purposes (123rf)

Image for illustrative purposes only - FILE PIX

Mohamad Aidong