April 17, 2022 5:00 AM
Rapid inflation, soaring oil prices and global instability have led forecasters to sharply lower their estimates of economic growth this year, and to raise the probabilities of an outright contraction. Investors share that concern: the bond market recently flashed a warning signal that has often – though not always – foreshadowed a downturn.
Source : https://www.straitstimes.com/business/invest/why-economists-talk-about-a-recession
