The Business Times
business-time-50
THE BOTTOM LINE

Governments must implement reforms before the next big financial crisis

Tackling public debt, ensuring price stability and implementing structural changes are critical

Summarise
google-preferred-sourceAdd BT as a preferred source
    • US investment in AI last year accounted for at least 40% of GDP growth, estimated Financial Times.
    • US investment in AI last year accounted for at least 40% of GDP growth, estimated Financial Times. PHOTO: REUTERS

    Andrew Hammond

    Published Thu, Jul 9, 2026 · 07:00 AM

    DESPITE recurring geopolitical shocks in 2026, the global economy has remained resilient – a fact highlighted by institutions including the International Monetary Fund (IMF) and World Bank.

    At the same time, they are cautioning that this strength may be fragile and needs reinforcing by policymakers before the next major economic crisis strikes.

    One recent warning was issued by the Bank for International Settlements (BIS), which serves as a coordinating body for central banks worldwide.

    financial crisisfiscal policysovereign debtArtificial IntelligenceGeopoliticsEconomic growtheconomic crisisThe Bottom Line

    TRENDING NOW

    In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

    Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’

    Koh Boon Hwee says humans have accepted that robots can take over the most repetitive, manual tasks, but are nervous about AI, which can also think.

    With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    A more promising response is Universal Basic Capital or UBC – giving everyone, not just the wealthy, a stake in the assets that are generating outsized returns, says the writer.

    The wealth gap is widening. The answer isn’t more handouts – it’s a stake

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More