Jul 5, 2016

Brexit + China Economic Slowdown = A Perfect Storm?

Truth to be told, I am not too concern about the direct potential fallout of the Brexit on the Singapore Economy. The greatest casualties of Brexit are perhaps the countries with significant exports to UK, which includes Germany, China and the Netherlands as a result of the sharp fall in Pounds, and a "saving for rainy day" mentality as the British prepares for a potential recession in the United Kingdom. However, I am concern that a slowing Chinese economy and the financial shock the Brexit will bring to the EU economy, may unleash a perfect storm.
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