Gan Kim Yong, Singapore’s deputy prime minister, throughout a panel session, on the World Financial Discussion board (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025.
Stefan Wermuth | Bloomberg | Getty Photographs
Asia will stay a “beacon of development alternatives” regardless of escalating world commerce tensions, based on Singapore’s Deputy Prime Minister Gan Kim Yong.
“Even when a few of us in Asia is probably not straight affected, the affect of rising tariffs and commerce wars may trigger main disruptions to provide chains, decelerate commerce and funding flows and considerably set again the expansion of worldwide economic system,” Gan stated at CNBC’s CONVERGE LIVE in Singapore on Wednesday.
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