Recession Risks Are Becoming More Serious: Chua

The video discusses the increasing recession risks due to central banks' focus on fighting inflation through rate hikes. It highlights the impact of dollar strength and interventions in major economies. The market is nervous, especially in emerging markets, due to policy tightening and potential financial stability risks. Central banks are still focused on inflation, with the Fed expected to continue rate hikes into 2023. The video also examines the vulnerability of economies with high household debt to interest rate changes, particularly in Korea and other emerging markets.

What is the current stance of central banks regarding inflation and recession risks?

How does the strength of the dollar influence central bank policies?

What are the potential financial stability risks mentioned in the text?

At what point might central banks shift their focus from fighting inflation to boosting growth?

What factors could lead to a recession in Korea according to the text?