RECESSION is knocking at the door, many experts say. If unanticipated, recession can turn into a global economic crisis. The International Monetary Fund (IMF) predicts the economic growth in the Asia and the Pacific region to slump in 2022 and 2023.

Tightening global financial conditions that have weakened the demands for goods and services are much to blame for the looming crisis. Two other critical impetuses are Russia’s invasion of Ukra