Synopsis: This is a special episode of The Straits Times' video series The Big Story, hosted by Hairianto Diman and Olivia Quay. The Singapore economy posted zero growth in the second quarter this year, compared to the previous three months.  According to DBS senior economist Irvin Seah, it means the economy narrowly averted the chance of a technical recession. Meanwhile, the Monetary Authority of Singapore (MAS) has further tightened its policy stance, making room for a stronger Singapore dollar to douse the impact of rising global prices as it raised inflation forecasts for this year.  Produced by: ST Video team Edited by: ST Video team and Penelope Lee Discover The Straits Times Videos: https://str.sg/JPrc Follow The Big Story Podcast episodes: Channel: https://str.sg/wuZe Apple Podcasts: https://str.sg/wu3m Spotify: https://str.sg/wuJr Google Podcasts: https://str.sg/wE8o SPH Awedio app: https://www.awedio.sg/ Websites: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Follow Hairianto Diman on Instagram: https://str.sg/wub6 Follow Olivia Quay on Instagram: https://str.sg/wubB --- Discover ST's special edition podcasts: Singapore's War On Covid: https://str.sg/wuJa The Unsolved Mysteries of South-east Asia: https://str.sg/wuZ2 Stop Scams: https://str.sg/wuZB Invisible Asia: https://str.sg/wuZn --- Discover more ST podcast series: Asian Insider: https://str.sg/JWa7 Green Pulse: https://str.sg/JWaf Health Check: https://str.sg/JWaN In Your Opinion: https://str.sg/w7Qt Your Money & Career: https://str.sg/wB2m SG Extra: https://str.sg/wukR #PopVultures: https://str.sg/JWad ST Sports Talk: https://str.sg/JWRE Bookmark This!: https://str.sg/JWas Lunch With Sumiko: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! #thebigstory See omnystudio.com/listener for privacy information.