Straight-talker Dr Tony Tan has never been afraid to air contrarian views on the country's economy CRYSTAL ball-gazing is a risky business. Miss the mark and it's egg on your face. Hit the bullseye and acclaim follows. Of course, whether there is a reaction at all can depend on who you are and whether people even remember what you'd said. With Dr Tony Tan Keng Yam, people remember. They will recall the...
Dr Tony Tan
Dr Tony Tan, the deputy chairman of the Government of Singapore Investment Corporation (GIC), has clarified that recent comments made on the world facing its worst recession in 30 years is just one of three scenarios GIC is contemplating. It is not the GIC's forecast for the global economy. The other two are an optimistic scenario where there is a recession in the US or globally, with an end to the...
The world could be facing its worst recession in 30 years, said Deputy Chairman and Executive Director of the Government of Singapore Investment Corp (GIC) Dr Tony Tan. He shared this view with over 500 GIC staff at a conference on Monday. "The financial contagion has now spread beyond US shores, increasing the likelihood of a global financial crisis and recession. We could be facing a recession which is...