The market will survive Trump, says economist who's seen it all
SINGAPORE – An economist who has had a ringside view of many major upheavals globally over the past four decades is not overly worried about US President Donald Trump's assault on trade. He feels the system will adjust to the shock and that Mr Trump may have to walk back some of his moves, though the United States itself may eventually face a recession. He also sees dependence on the US dollar declining.
Dr Khor Hoe Ee has been a career economist with the International Monetary Fund (IMF), the Monetary Authority of Singapore (MAS), and in recent years, Amro – the Asean Plus Three Macroeconomic Research Office that he helped to set up. He has seen up close the Latin American debt crisis, the Asian financial flu of the late 1990s, the 2008 global financial crisis and more recent challenges such as the Covid-19 pandemic and the tariff war unleashed by the US.
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