SINGAPORE, Aug. 5 -- Singapore's former deputy prime minister and presidential hopeful Tony Tan has warned about a " perfect storm" brewing for the global economy in the coming months, local media reported on Friday.
Tan
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The United States economy is showing signs of slowdown in growth and growing challenges in employment, and it is likely to experience a double-dip recession in the second half of the year
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Tan
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Tan recently resigned as executive director of the GIC and chairman of the Singapore Press Holdings to run for president. He said on Thursday that while the president is not a center of power, his experience could be of value to the country.
The president is the ceremonial head of state in Singapore. The presidential election will be held on Aug. 27 if there is more than one qualified presidential candidates after nominations were filed on Aug. 17.
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