Singapore’s non-oil exports for July were reported to have fallen by 11.2 per cent from a year earlier, better than the expected 15.3 per cent drop, but still a fifth successive monthly decline. Photo: AFPSingapore’s non-oil exports for July were reported to have fallen by 11.2 per cent from a year earlier, better than the expected 15.3 per cent drop, but still a fifth successive monthly decline. Photo: AFP
Singapore’s non-oil exports for July were reported to have fallen by 11.2 per cent from a year earlier, better than the expected 15.3 per cent drop, but still a fifth successive monthly decline. Photo: AFP

Trade war and globalisation backlash pushing trading nations to the economic brink as recessions loom

  • Two of the world’s most famous trading nations, Germany and Singapore, are facing recessions later this year, largely due to slowdown in global trade
  • Donald Trump era has helped create increasingly tough time for nations reliant on exports, with further storm clouds on the horizon

Topic |   Trade
Singapore’s non-oil exports for July were reported to have fallen by 11.2 per cent from a year earlier, better than the expected 15.3 per cent drop, but still a fifth successive monthly decline. Photo: AFPSingapore’s non-oil exports for July were reported to have fallen by 11.2 per cent from a year earlier, better than the expected 15.3 per cent drop, but still a fifth successive monthly decline. Photo: AFP
Singapore’s non-oil exports for July were reported to have fallen by 11.2 per cent from a year earlier, better than the expected 15.3 per cent drop, but still a fifth successive monthly decline. Photo: AFP
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