Are we staring at a global recession?

The questions remain as to whether the global economy will gointo a recession and whether emerging economies, especially inAsia, can pull through by their growth momentum. An IMFreport says there is a one-in-four chance of a recession this year.There are those who argue otherwise, pointing out that the globaleconomy's dynamics are different today.

WITH the higher food prices, fuel subsidy reduction and the upcoming hike in electricity tariff rates, Malaysians are now faced with tough times as their lifestyles and spending patterns take a hit.