looking beyond borders

foreign policy and global economy

An Ill Economic Wind Blows From Singapore

With its open and traditionally nimble economy, Singapore often plays a weathervane role for global trade trends. As such, the ill winds blowing across the city-state should worry policymakers worldwide. According to statistics released, Singapore saw a startling 12.6% annualized drop in gross domestic product (GDP) between April and June. Viewed quarter-to-quarter, GDP collapsed a whopping 41.2%.

Read Here – Asia Times

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