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Germans fear high inflation, recession: McKinsey
BERLIN, May 16 (Xinhua) -- The leading cause of worry for Germans is rapidly rising prices in almost all sectors, according to management consultants McKinsey & Company.
Scholz's balancing act just got harder after German state election
(Reuters) -The worst post-war result for Chancellor Olaf Scholz's Social Democrats in a traditional party stronghold heaps pressure on him to show more decisive leadership over the Ukraine crisis and Germans' concerns about soaring costs of living.
Hungary PM Orban warns of "era of recession" in Europe
BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban on Monday raised the spectre of an "era of recession" in Europe as the continent grapples with surging energy costs and rising inflation due to the war in Ukraine.
Asean News Headlines at 9pm on Monday (May 16, 2022)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (May 16, 2022)
Thailand's former deputy prime minister pinpoints six concerns for country's economic recovery
Economic tsar and former deputy prime minister Somkid Jatusripitak listed six points of concern for Thailand while speaking at the “Livelihoods: A key to drive Thailand” event on Sunday (May 15).
Indonesian govt will raise subsidy to shield people from inflation, says Finance Minister Sri Mulyani
Finance Minister Sri Mulyani Indrawati is ready to increase budget spending to protect consumers – and Indonesia's economic recovery – amid surging inflation.
Philippines' 7-9% GDP growth target achievable, says planning minister
The Philippines' target of 7% to 9% gross domestic product (GDP) growth this year is "doable" despite external risks, its economic planning minister said on Monday.
Vietnam unlikely to keep inflation under 4 per cent in 2022, say authorities
Vietnam is unlikely to keep its Consumer Price Index (CPI) growth under 4 percent this year, Vietnam News Agency cited the National Centre of Socio-economic Information and Forecast, which is affiliated with Vietnam's Ministry of Planning and Investment, as reported on Monday.
Emerging markets: Philippine stocks posts best session in two months; Asian stocks rise even as weak China data casts gloom
Philippine stocks closed 1.9% higher to record their best session in two months. That follows five straight sessions of losses and a 5.6% decline last week.
Asian shares mostly rise as markets eye US interest rates
Asian shares mostly rose Monday, as investors eyed surging energy costs and prospects for interest rate hikes in the United States.
