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US – Dec Leading Index
25/01/2023 08:00 am MYT
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The US leading economic index fell 1.0% in Dec 2022, following a 1.1% drop in Nov. The continuing decline in the leading index signals a growing risk of a US recession in 2023 amidst consumer pessimism about future business conditions, falling stock prices, a slowing labour market, slowing housing demand and weak new orders from the manufacturing sector.

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Note from Publisher
One month of 2023 has passed. The world economy has yet to show convincing signs that it will slow down sharply in 2023, as forecasted by many economists. Even the US economy, which is experiencing the most aggressive monetary tightening in three decades, is showing strong resilience, as evidenced by a firm labour market. The S&P 500 kicked off 2023 with a strong Jan. The benchmark index gained 6.4% in the month. China reported a strong rebound in economic activity in the first month of the year after ending her dynamic zero-Covid policy. The EU seems resilient so far. Well, we still have 11 months to go.

In Malaysia, her political drama continues to dominate as the people await major policy measures by the unity government to address the many daunting challenges facing the country. After the 2023 Chinese New Year, there has been a new round of price hikes for many food items. The clock is ticking for the new government to produce results. After all, crucial elections in 6 states are only a few months away.
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