The Usual Place Podcast

Have we hit the panic button over the Iran war?

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After US President Donald Trump walked back his threats to wipe Iran off the map – and six weeks after the war in the Middle East started – there’s now a two-week ceasefire in place.

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Will Singapore see a recession because of the Iran war?

Oxford Economics’ senior economist Sheana Yue says that Singapore may see more of a slowdown rather than a “deep recession”.


With a two-week ceasefire in place, how will things get better from here, or will we see knock-on effects continue to worsen?

Also, with the rules-based international order in disorder, does Singapore need to find a new way in its diplomacy efforts?

As Mr Danny Quah, Li Ka Shing Professor in Economics at the Lee Kuan Yew School of Public Policy, puts it: “We can’t let the bad overwhelm what’s good in the international system.”

Highlights (click/tap above):

4:12 Iran war uncertainty’s impact on Singapore

10:53 Singapore’s 1973 oil crisis lessons

17:21 Better placed to handle this war?

20:12 “We have a bit of breathing space.”

23:30 Do we need more handouts?

29:21 Is Singapore headed for a recession?

32:01 Stagflation a worry for all countries

35:55 Should we throw out the old diplomacy rulebook?

43:39 The worst-case Iran war scenario

Host: Natasha Ann Zachariah (natashaz@sph.com.sg)

Read Natasha’s articles: https://str.sg/iSXm

Follow The Usual Place podcast on IG: https://str.sg/8KNT

Follow Natasha on LinkedIn: https://str.sg/v6DN

Filmed by: Studio+65

Edited by: Eden Soh, Amirul Karim & Natasha Liew

Executive producer: Danson Cheong

Editorial producer: Elizabeth Law

Channel: https://str.sg/5nfm

Apple Podcasts: https://str.sg/9ijX

Spotify: https://str.sg/cd2P

YouTube: https://str.sg/theusualplacepodcast

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