Examples global events impacts economy
->China's border controls led to the fall in tourists visiting SG
->SG's economy was impacted by the loss of tourists spending on areas such as attractions, food and accommodations
->SG highly dependent on energy imports, especially natural gas and oil
->The disruptions in the global energy market could lead to increased prices for these commodities, impacting the cost of production and transportation within SG
->This causes increased inflation, affecting consumer spending and business