SINGAPORE (Aug 20): There are clear signs of an economic slowdown across the world and things could get worse. Several forward-looking indicators are foreshadowing a moderation in growth in production and trade for the rest of the year. Adding to the woes are ill-tempered negotiations over trade spats, which are likely to get worse. As a result, business confidence has already been hurt and actual exports and production could follow. A number of large emerging economies such as Turkey and Argentina are under severe stress — more countries could join them in the coming months. Finally, we could be getting to the point where geopolitical frictions escalate and damage the world economy.

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