Looking ahead, economic performance across the region could be compromised by slowing global demand, rising debt, and a reliance on short-term economic fixes to cushion against food and fuel price increases.
It would have been the week's second economic shock. The August inflation figures, released Tuesday, dashed hopes for a quick drop in consumer prices.
As of Jul-22, domestic destinations continued to dominate at 66.6% (2021: 81.5%) while international at 34.0% (2021: 18.4%) whereby 13.0% were non-Asean and 21.0% Asean.
Analysts are not overly concerned about the building materials price headwinds because the relevant companies are still able to mitigate the impacts
Only 18% of business executives expressed optimism about the U.S. economy’s outlook over the next 12 months.
The impression is that with a change of government, the current load of problems will remain and inflation might be a lingering issue for generations to come
Core inflation rose further, the highest in 6 years. Core inflation accelerated further to +3.4%yoy, fastest gain since Apr-16