Subscriber Picks: Is a recession likely in the next 2 years?

Subscriber picks is a weekly curation of the best from The Straits Times - where we bring you exclusive reports, in-depth analyses, and the latest happenings in Singapore and beyond.


Is a global recession likely in the next two years?

Prime Minister Lee Hsien Loong, speaking at the May Day Rally, said: "Global growth will be weaker, and there may be a recession within the next two years."

With three of the world's largest economies slowing down at the same time, the risks of a global recession have risen, say analysts.

With inflation at record levels in the euro zone and 40-year high in the US, both are staring at the undesirable option of risking a renewed recession by raising the cost of borrowing to counteract soaring prices. In China, the Covid-19 lockdown is contributing to a slowdown. "A recession may actually be a necessary trade-off for lower inflation," says an economist.

Amid this period of higher volatility, what should you do to shield your investment portfolio from inflation? Associate editor Lee Su Shyan gives some options you can consider.

To manage the daily cost of living, house brands by supermarket chains and retailers are also an option that can be cheap and good.

Thank you for reading this week's edition.


Why China's lockdown could have a big global impact on growth

With three of the world's largest economies slowing down at the same time, the risks of a global recession have risen.

READ MORE HERE


A global recession in the next two years? Why some analysts believe it is likely

Some analysts believe the time frame for the next recession is getting even shorter with no quick solutions in sight.

READ MORE HERE


Shielding your investment portfolio from inflation

Focus on the basics to make sure that your portfolio has stocks that are able to provide a steady income stream, says associate editor Lee Su Shyan.

READ MORE HERE


7 house brands by supermarkets, online stores: Which offers the most bang for buck?

Once seen as inferior alternatives to brand names, house brands are now enjoying brisk sales amid rising cost of living.

READ MORE HERE


Palliative medicine doctor just wants to 'add life to days' of terminally ill patients

SPH Brightcove Video
Radiation oncologist Dr Ramaswamy Akhileswaran, has devoted the last two decades to palliative care work not just in Singapore but also in countries like Indonesia and Myanmar.

As a radiation oncologist and palliative medicine specialist, Dr Ramaswamy Akhileswaran knows death well.

READ MORE HERE


Let's head back to workplaces to learn with and from one another

What can you gain from going back to the office?

READ MORE HERE


Why buying my kids $300 headphones is a smart move

Would you?

READ MORE HERE


First Flight Out: Pine forests, picnics and perfect vistas in India's Himalayas

Remote video URL

Head towards the clouds with India bureau chief Nirmala Ganapathy.

READ MORE HERE


Share your feedback with us at stshare@sph.com.sg

Join ST's Telegram channel and get the latest breaking news delivered to you.