The year in review - Global economy

2018 sets the stage for a sobering year ahead

ST ILLUSTRATION: CHNG CHOON HIONG

Asia - including S'pore - will feel downdraft of US-China trade war and global slowdown

The year 2018 was more about slowly unfolding - and mostly disturbing - issues than big events, some of which could come to a head in 2019 with unpredictable, and likely unpleasant consequences.

The economic news cycle was dominated by trade frictions, which threaten to escalate into a trade war, particularly involving the United States and China.

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A version of this article appeared in the print edition of The Sunday Times on December 30, 2018, with the headline '2018 sets the stage for asobering year ahead '. Print Edition | Subscribe