China likely to fall into a “technical recession”

If the debt problems of European economic and extrinsic risk become a reality, Singapore may fall into a "technical recession", the annual economic growth will not reach 5% to 6% expected.
Trade and Industry Deputy Permanent Secretary (Industry) Guo's strength in the second quarter economic report released at the press conference for the current economic situation made these views. Technical recession is two consecutive quarters of sequential decline.

He also believes that the current credit rating cut by the U.S. and Europe, the impact of the debt crisis, unlike the past, "Lehman Brothers" is more far-reaching, but the "double-dip recession, the possibility is there."
He said: "The risk profile is certainly increased, but so far no substantial impact.




CONTINUE READING...........China likely to fall into a “technical recession”

China likely to fall into a “technical recession”