Oil Shock: Is Asia’s Tech Boom Enough to Avert a Recession?

Is the world on the brink of a recession?10 weeks into the paralysis of the Strait of Hormuz, the global market is still missing between 10 to 15 million barrels of oil daily, and the longer this goes on, the darker the economic scenarios look.Dr. Gaurav Ganguly, Head of International Economist at Moody’s Analytics, joins the Breakfast Grille to unpack Asia’s ‘Two-Part Story’, where Asia’s weakness in energy is offset by a surge in electronics exports due to the AI boom.We explore why Malaysia’s RM5 billion monthly subsidy bill is testing the absolute limits of fiscal resilience, how the supply shock could trigger a "wage-price spiral" that threatens to break the global labor market, and what this prolonged shock means for the permanent re-ordering of the global order.See omnystudio.com/listener for privacy information.