For subscribers
Turbulence and downside risks, but global recession might be avoided
Sign up now: Get ST's newsletters delivered to your inbox
Equities are in the worst bear market in recent memory, but we are not in a global recession yet.
PHOTO: REUTERS
SINGAPORE - There is little doubt that equities are in the worst bear market in recent memory.
Wall Street's S&P 500, regarded as the bellwether for global equities, has fallen by over 20 per cent this year.
