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A U.S. recession will likely hurt Asia. Here are the countries that are most vulnerable

2022-09-05 10:33:44       source:CNBC

September 4, 2022

SINGAPORE — Asia will not escape unscathed if the U.S. falls into recession, but some countries in Southeast Asia will be more badly hit than others, economists warn.

The tug-of-war between inflation and recession in the United States continues as the Federal Reserve sticks to its hawkish stance on interest rate hikes. 

The U.S. has already reported two consecutive quarters of negative growth in the first two quarters of 2022 — what some consider a “technical” recession. Still, there’s little consensus on when a full-blown recession might happen. 

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