News Snapshot:
“Specifically, we judge the probability of a full-blown global recession, in which growth in many countries turns down in tandem, is now roughly 30 per cent. This contrasts with the 50 per cent assessment that we maintained through the second half of last year. ” In Singapore, ANZ head of Asia research Khoon Goh also believes there could be an “upsize surprise” thanks to China’s policies to revive its floundering economy, including in the property and tech sectors, alongside the easing of COVID-19 restrictions. Xi Jinping’s top economic adviser this week told the world’s business elite that China’s economy will...
