Poring Over Poor Singapore’s Far Nastier Number Four

By |2019-07-15T17:32:41-04:00July 15th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

You aren’t going to find the worst economic quarter in Singapore’s modern history in either 2008 or 2009. It was actually posted in 2010. During the third quarter of that year, GDP declined by a whopping 11% annual rate. While that’s the biggest contraction still on record, initial government estimates thought it was closer to [...]