Changing relations between the US and China have implications for the global economy at a time when demand for goods is witnessing a sharp downturn. Trade-reliant Singapore faces the prospect of slower expansion amid a faltering recovery in China and expectations of cooling growth in the US.
Singapore’s prime minister-in-waiting called for the global economy to be “prepared for the unpredictable,” amid strained relations between the US and China over matters of trade and geopolitics.
“Intense, extreme competition will be the defining feature in the bilateral relationship,” Deputy Prime Minister Lawrence Wong said, referring to ties between the world’s two largest economies. He was speaking at a conference Reinventing Destiny in Singapore on Monday.
![[19/05/26] new top stories](/_next/image?url=https%3A%2F%2Fedgemarkets-transferred.s3-ap-southeast-1.amazonaws.com%2FPEO_KUNHEE_PARK_01_AC_2.jpg%3FTd3bG7fJqxPW3hMZRxhyfGgI25yRRD5v&w=640&q=75)
