Many countries are expected to fall into recession as the economy slips into an era of stagflation. Global economic expansion is forecasted to decline this year, amid supply disturbances, prospects of weakening growth, amongst others. However, there are noticeable differences, such as the U.S. dollar power and strong balance sheets at major financial institutions, which present room for improvement.

In Market View, Prime Time’s Finance Presenter Chua Tian Tian spoke with Nikolaj Schmidt, Chief International Economist at T. Rowe Price to find out more.