Singapore is heavily trade-dependent, second only to Luxembourg in trade-to-gross domestic product terms, and is usually seen as a leading indicator for how other nations are likely to perform. Photo: Reuters

Singapore economy tipped for recession as US-China trade war slams imports, exports, manufacturing

  • Second quarter growth in the city state confirmed at minus 3.3 per cent on a quarterly basis, down from 3.8 per cent growth in the first quarter of 2019
  • ‘With everything that we are seeing, it is quite possible that there will be a recession in the third quarter of the year,’ said Coface economist Carlos Casanova
Topic |   Singapore

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Singapore is heavily trade-dependent, second only to Luxembourg in trade-to-gross domestic product terms, and is usually seen as a leading indicator for how other nations are likely to perform. Photo: Reuters
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.