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Economists mixed on possibility of technical recession for Singapore

Chanel News Asia (Free subscription) | 6 hours ago

... from the country's key export markets - the US and Europe. An economist from Standard Chartered, Alvin Liew, said: "It's going to be a manufacturing-led technical recession. Manufacturing has done poorly for first two months of the quarter itself. "Even if we factor in a slight recovery in September, which we highly doubt, it is still close to maybe a double-digit contraction in manufacturing."...

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Subsidies keep prices artificially low, push up inflation

Chanel News Asia (Free subscription) | 08/29/2008

... in the long term, leading to years of fiscal deficit, especially for countries like Singapore. Alvin Liew, an economist at Standard Chartered Bank, said: "When you look at rising oil prices and food prices, if you put subsidies on them, the country will benefit in the short run as inflation is kept artificially low. "But with no natural resources of our own, this is not a sustainable...