120724_Channel NewsAsia: Spire comments on health of the global economy

The possibility of a Spanish bailout by the Eurozone seems ever so likely as the country's crisis deepens, and there are widespread concerns that Greece would not be able to fulfill its debt obligations. The two largest economies in the world, the U.S.A. and China, are slowing down, adding more gloom to the bleak outlook. Leon Perera, Chief Executive Officer of Spire Research and Consulting, was invited to share his insights on Channel NewsAsia -- AM Live.