riding the global economic crisis in singapore uthor shandre thangavelu, national university of singapore and anu. Despite an average growth rate of nearly 8 per cent from 2004 to 2007, singapore was the first east asian country to fall into a recession from the current global economic crisis after july 2008. south korea has experienced three economic crises since its democratisation in 1987 the asian financial crisis (19971999), the global financial crisis (20082009) and the current covid-19 economic crisis. Like the two crises before it, the covid-19 economic crisis has given renewed impetus for expanding social welfare support in south korea. Speech by fs at asian financial forum cocktail reception (english only) (with photo video) following is the speech by the financial secretary, mr john c tsang, at the cocktail reception of the asian financial forum at the hong kong convention and exhibition centre this evening (january 19) distinguished guests, ladies and gentlemen, good evening. - chf 250,000 already raised in pre-launch sale - investors share in net revenues of a global movie - blockchain automated smart contracts make it an efficient and safe option for investors - revenues increased as same-day global digital release cuts. Global financial crisis at hyderabad on december 4, 2008, at the international chambers of commerce at new delhi on january 16, 2009, at the yale school of management, yale university on april 3, 2009, at the 7th annual india business forum conference at london business school, london on april 23, 2009, and at the money and. the world economic forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. Besides reports on its key events and standalone publications such as the global competitiveness report, the global risks report and the global gender gap report, the forum. Asean was preceded by an organisation formed on called the association of southeast asia (asa), a group consisting of thailand, the philippines, and the federation of malaya. Asean itself was created on , when the foreign ministers of five countries indonesia, malaysia, the philippines, singapore, and thailand, signed the asean declaration. Judging from the 1997 asian financial crisis and on emerging trends under the current global crisis, non-regular, low-paid and low-skilled workers will be among the first to lose their jobs. In the philippines, thailand and viet nam, the most affected industries include garment, electronics, tourism, leather, cars and auto parts, and construction. On 11-13 may, beijing will host asias largest annual gathering of decision-makers in the financial services sector the 10th asian banker summit. Once again, the summit will see c-level decision makers from the financial institutions, as well as senior regulators and analysts, converge to explore, discuss and share critical knowledge to survive and thrive in.