Singapore is more dependent on trade than any other nation, apart from Luxembourg, according to the World Bank. Photo: AFP

Singapore’s economic downturn continues as US-China trade war wreaks havoc on Asia export hubs

  • The city state is considered to be a bellwether for the region and its trade malaise is indicative of weak demand elsewhere and bad news for China’s economy
  • Singapore’s total non-oil exports fell 17.3 per cent in June, adding to the surprise 3.4 per cent collapse in gross domestic product reported last week
Topic |   US-China trade war

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Singapore is more dependent on trade than any other nation, apart from Luxembourg, according to the World Bank. Photo: AFP
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