SINGAPORE: Singapore’s exports fell sharply in August on weak demand from China and Europe, official data showed on Thursday, raising the odds of a technical recession for the trade-reliant economy in the third quarter.
Non-oil domestic exports tumbled 8.4 percent from a year ago, the trade promotion body International Enterprise (IE) Singapore said, steeper than what analysts’ predicted and reflecting a general slowdown in Asian exports due to softer global demand.
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