Inflation & Prices

Recession Is Price of Misreading Inflation, Singapore Minister Says

  • Says dialing down tensions is in everyone’s interest
  • Meeting between US, China leaders an ‘important new start’
WATCH: Singapore’s Senior Minister Tharman discusses the bilateral ties between the US and China, and the implications for the global community.Source: Bloomberg
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Easing tensions between China and the US won’t assure the world of peace, but it will definitely make it a safer place, according to Singapore’s Senior Minister Tharman Shanmugaratnam.

Even with ties restored, there would be constant friction between the world’s two biggest economies, Tharman said in a panel discussion at the Bloomberg New Economy Forum in Singapore on Tuesday.