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August fall in manufacturing output stokes recession fears

While some economists say a technical recession can still be averted; others say the question is now how bad it'll be

Published Fri, Sep 25, 2015 · 09:50 PM

Singapore

THE factory output numbers for August are worse than expected - and the question on the lips of some economists now is not whether Singapore is already in a technical recession, but how serious it is.

Chua Hak Bin, an Asean economist at Bank of America Merrill Lynch, said: "We think the question should be shifting to whether this is a shallow or deep recession."

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