A global recession in the next two years? Why some analysts believe it is likely
Sign up now: Get ST's newsletters delivered to your inbox
Some analysts believe the time frame for the next recession is getting even shorter with no quick solutions in sight to the problems the world economy is facing.
ST PHOTO: JASON QUAH
SINGAPORE - Singapore not only imports virtually everything it consumes and exports most of what it makes, but it also gets its boom and bust economic cycles from overseas. So, when three key trading partners are in trouble, it should expect challenges ahead.
And given these three partners - China, the United States and the European Union - account for more than half of the world economy, the worst is likely.