Singapore central bank may know something we don’t

Singapore offers a small ray of light in a faltering global economy.

The country that’s so intimately tied to the rhythms of global commerce dodged a recession in the third quarter, figures showed yesterday. Singapore simultaneously eased monetary policy, the first such step since 2016, as anticipated. That it did so cautiously suggests at least some of the doom and gloom about the trajectory of world growth might be overdone.