This macroeconomics report analyzes the economic conditions of Singapore, focusing on two articles that discuss inflation and recession. The report examines key economic concepts such as Real Gross Domestic Product (RGDP), inflation, cost-push inflation, recession, aggregate demand and supply, unemployment, and expansionary fiscal policy. It provides an economic analysis of the factors contributing to price determination, the impact of falling oil prices, and the effects of government policies. The analysis includes diagrams illustrating the determination of price, the impact on the retail sector, and the effects of expansionary fiscal policy. The report concludes by summarizing the key findings related to Singapore's economic performance, including the impact of global demand, government interventions, and the looming threat of a technical recession.