The Malaysian Insider, 3 Dec 2008
SINGAPORE, Dec 3 — Singapore is likely to be the Asian economy that is worst affected by a United States recession, said economists. This is because it is one of the most open economies and has a large manufacturing sector.
They were commenting a day after the National Bureau of Economic Research (NBER) — a private, non-profit research body — concluded that the US has been in recession since December last year.
Read More
