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Trade War Spurs Recession Risk in Singapore

  • Shock contraction in quarterly GDP raises risk of job losses
  • Officials already grappling with aging, productivity threats
The Tanjong Pagar container terminal in Singapore.
The Tanjong Pagar container terminal in Singapore.
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The U.S.-China trade war is threatening to drag export-reliant Singapore into a recession and aggravating underlying risks facing the former tiger economy.