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Singapore may fare worse than Asean peers in the next global crash

Bain & Co report points to S'pore's economy historically being more at risk in a downturn

Unlike the last crash where Asean economies saw a higher starting point for growth, this time, half of the region's economies have fallen into a current account deficit since 2006, on the back of an exports tumble.


SOUTH-EAST ASIA is more vulnerable to a downturn than it was during the last global financial crisis, Bain & Co warned in a report out on Friday.

But Singapore's economy, historically, falls more sharply in a slump, partner Thomas Olsen told The Business Times....

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