Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.
Japan's enduring economic challenges serve as both a cautionary tale and a beacon of resilience.
India finds itself at a crossroads, grappling with the dual challenge of sustaining growth momentum while addressing underlying structural constraints.
The 2024 Economic and Social Survey of Asia and the Pacific released by the United Nations regional commission said the new perspectives and approaches can solve this long-standing challenge.
India stands at a crossroads of opportunity and challenge, grappling with the imperative of internal migration to unlock its economic potential.
Nevertheless, the central bank may turn more cautious toward reducing benchmark lending rates and the required reserves of banks in the rest of the year, due to the need to balance between the goals of growth stabilization and foreign exchange market stability, Cheng said.
"However, the continuing invasion of Ukraine has heightened global uncertainty, worsened supply disruptions, and unsettled energy and food markets."More aggressive monetary tightening by the US Federal Reserve and the European Central Bank is denting global demand and rattling financial markets,” he added.
The Indian economy is resilient and has shown strength despite weakness across the globe whereas any correction in its equity markets should be utilized as an opportunity to invest for the long-term, said financial services firm Emkay Wealth Management.
The joint statement by Shopee and CMPU said that employment facilitation and assistance, including career coaching and job matching services via CMPU's network and the National Trades Union Congress' e2i (Employment and Employability Institute), will be offered if required.
The regulators will also facilitate cooperation between Indian and Singaporean fintech companies under the agreement.
