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Asian exporters must heed Singapore's recession warning signs

Southeast Asian nations will fall victim to same global troubles

| Singapore

The specter of recession hangs grimly over the world economy. Bond markets this week signaled a looming contraction in the U.S. Global manufacturing is already shrinking. In Asia, Singapore's move to slash its growth outlook on August 13 underlined the fact that Asia's trade-dependent economies now face their bleakest moment since the global financial crisis -- one where their governments are set to struggle to respond.

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