Singapore Cuts Growth Outlook to Near Zero

The video discusses the ongoing global trade tensions and their impact on economies, particularly focusing on GDP numbers and the openness of certain economies to international trade. It highlights the unchanged monetary policy stance in Singapore amidst a 'race to the bottom' in interest rates across Asia, with Australia and New Zealand considering unconventional measures. The discussion shifts to China, where credit growth has slowed, increasing pressure on the PBOC to implement stimulus measures, despite predictions of an interest rate cut not yet materializing.

What factors contribute to the surprising nature of trade tensions in the global economy?

How have the final second quarter GDP numbers compared to the original estimates?

What unconventional measures are authorities in Australia and New Zealand considering?

What is the current situation regarding credit growth in China?

What predictions have been made regarding interest rate cuts in China, and what has been the outcome so far?