Hong Kong, Singapore Headed for Economic Trouble
Asia’s two bellwether city-state economies, Hong Kong and Singapore, are both headed into recession.
Singapore has already announced that second-quarter gross domestic product fell at an annualized rate of 4 percent over the previous quarter. Following an annualized 4 percent rise in the first quarter, this translates into near zero growth so far this ye…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.