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Singapore Dec exports slide as downturn in sales to China deepens
An honorable member of the Coffee Shop Has Just Posted the Following:
Singapore's electronics sector has been underperforming neighbours such as South Korea and Taiwan due to fierce competition and the city state's lack of popular high-tech products such as smartphones. "Today's NODX print reinforced our view that risks to the growth outlook is clearly skewed to the downside and could possibly elicit a further calibration in policy settings," said Weiwen Ng, an ANZ economist in Singapore. Most economists say the city-state's central bank is unlikely to deliver a surprise off-cycle easing similar to the one in January last year, but a few see risks of monetary stimulus if oil prices fall more sharply or China's economy takes a turn for the worse. http://www.cnbc.com/2016/01/17/singa...ber-slump.html Click here to view the whole thread at www.sammyboy.com. |
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