Impact of these floods. The flooding so far in the month ofjuly is estimated to have cost around 25 billion usd. And of course the season for these sort of extreme weather events is not yet over. August and september, historically, have also often had Severe Weather events, such as typhoons and floods, as well as drought. Last year, china was also hit by a very severe drought. So what were seeing is increasing impact of Severe Weather events on china. And this is, of course, linked to rising temperatures globally. Climate change is very much linked to what were seeing at present in china and in recent years. And theres a lot of concerns that as Global Temperatures rise further towards that global target of one and a half degrees centigrade, that the impact and economic costs of these Severe Weather events will actually increase significantly further. So in your view, should there be more investment in infrastructure in order to prevent devastations that we saw . I think, given the expe
Regional expert who explained the Economic Impact of those floods. ~ ,. , . ,. , floods. While youre flooding so far in the floods. While youre flooding so far in the month floods. While youre flooding so far in the month of floods. While youre flooding so far in the month ofjuly i floods. While youre flooding so far in the month ofjuly is| so far in the month ofjuly is estimated to have cost around 25 Billion Us Dollars then of course the season for these sorts of extreme weather events is not yet over. August and september historically have also often had Severe Weather events, such as typhoons and floods, as well as drought last year china was also hit with a very severe drought. So what we are seeing is increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally, Climate Change is very much linked to what we have seen at present in china and in recent years and there are a lot of concerns that as Global Temperatures rise furthe
Expert rajiv biswas, who explained the Economic Impact of these floods. Of these floods. Well if flooding of these floods. Well if flooding so of these floods. Well if flooding so for of these floods. Well if flooding so for any of these floods. Well if i flooding so for any month of these floods. Well if flooding so for any month of july is estimated to cost around 25 billion us dollars, then of course the season for then of course the season for the extreme weather events is not yet over, august and september, historically, have also often had Severe Weather events, such as typhoons and floods, as well as droughts. Last year china was also hit by very severe drought. So what were seeing increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally, Climate Change is very much linked to what we are seeing at present in china and in recent years and there is a lot of concern that as Global Temperatures rise further towards that globa
A recovery in the global tech cycle and cutting of interest rates by major central banks are expected to keep Singapore's economy growing this year. In its biannual report, the Monetary Authority of Singapore maintained its GDP forecast of between one and three per cent for the full year. This is even as industrial per
indonesia, which is an important source of growth, particularly prior to the pandemic, so it is starting to mmp pandemic, so it is starting to ramp again. pandemic, so it is starting to ramp again- pandemic, so it is starting to ram aaain. ~ ., , ramp again. meanwhile, the rest of southeast ramp again. meanwhile, the rest of southeast asia, ramp again. meanwhile, the rest of southeast asia, including - of southeast asia, including here in singapore, economies have been hit by the weakening demand overseas. our economy is coping and when can we see things turning, in your view? so what we re seeing is, you know, the picture, so that the merchandise trade picture right across southeast asia is weak. we re seeing the tech cycle is still in that downswing and commodity prices are still of course we as a result of that weekend and offshore. expecting that things are not going to materially improve until early next year. in the us as well as europe, those economies there, domestic deman