Breaking News
Asia is a lighthouse of growth in the middle of a trade war, says Deputy Prime Minister Singapore
Gan Kim Yong, Deputy Prime Minister Singapore, during a panel session, at the World Economic Forum (WeF) in Davos, Switzerland, on Tuesday, January 21, 2025.
Stefan Wermuth | Bloomberg | Getty Images
Asia will remain a “lighthouse of growth possibilities” despite escalating global trade tensions, according to Singapore’s deputy Prime Minister Gan Kim Yong.
“Even if some of us in Asia cannot be directly influenced, the influence of growing tariffs and commercial wars could cause major disorders to supply chains, slow the trade and the flow of investment and significantly restore the growth of the global economy,” Gan said on Wednesday CNBC Converge Live in Singapore.
This is a development story. Refresh for updates.
