Turbulence and downside risks, but global recession might be avoided

Equities are in the worst bear market in recent memory, but we are not in a global recession yet. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.