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US recession will drag Asia's growth but the region may avoid a sharp downturn, analysts say
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Asia's real exports growth decelerated to just 1.6 per cent year-on-year in April.
PHOTO: AFP
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SINGAPORE - While the risk of a recession in the United States keeps mounting, chances are that Singapore and most Asian economies will avoid a deep and prolonged downturn.
A growing number of economists and policymakers worldwide now see higher odds of a recession in the US, and possibly in Europe as well, in the next six to 12 months.
