The year in review - Global economy

2018 sets the stage for a sobering year ahead

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

ST ILLUSTRATION: CHNG CHOON HIONG
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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 a sobering year ahead . Subscribe