by Jie Sheng Lim • December 04, 2019
Lately there’s been a lot of talk around the topic of an impending recession. Business owners have been talking about being prepared to hunker down and tough it out, whenever the recession may come. Many of today’s businesses are young enough to never have been through a recession yet. People have been asking: Is a recession coming, and when?
Short answer: Not yet. (at time of writing) And nobody knows.
Recessions always eventually come, and while global macroeconomics and Malaysia’s macroeconomics don’t point us towards high risks of recession yet, the economy is in fact peaking and signs of slowdown in several areas like manufacturing and durable goods have already begun to show. The better question here is “how do we plan for one?”
As for the “when”, unless you have a crystal ball, you can’t know for sure. Even the central banks who track the economy closely and look ahead with their monetary policy don’t know with certainty.
If you’re interested in the nitty gritty, my friend Ramone Kok over at FinancialScents has written a report on October 2019’s global macroeconomics where you can get a better picture of how the global economy is doing. (You can also follow FinancialScents on Facebook for future updates)
To read the entire article, go to: Inkarnate
