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“Is the Global Economy Facing Crisis?”
by World Economic Forum � June 24, 2007   
July 1st, 2007

The international community faces a real risk of ‘economic chaos’ arising from major imbalances in the global financial system, the World Economic Forum on East Asia was told Sunday.

Tharman Shanmugaratnam, Singapore’s Second Minister for Finance, warned the financial contagion will hit when it is least expected and bring about a ‘vicious’ aftermath.

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