Asia Sentinel

Asia Sentinel

Hong Kong, Singapore Headed for Economic Trouble

Philip Bowring's avatar
Philip Bowring
Aug 12, 2015
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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…

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