Singapore was described by the veteran economist as a “canary in the coal mine” with its high export-to-GDP ratio, which makes the city-state especially sensitive to global shifts. Photo: Bloomberg
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Even though a full-blown recession in the US is unlikely to happen, short-term slowdowns due to uneven US trade policy and geopolitical shifts remain a risk, says CGS’s economic advisor Song Seng Wun at CGS International Securities Singapore’s (CGS SG) inaugural Makan and Market Talk dinner on May 28.
While the US economy is sending “mixed signals”, strong employment metrics may delay action from the central bank, Song added.
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