Singapore’s economy grew by just 0.7 per cent in 2019, while its shipments contracted by 9.2 per cent – both the worst figures since 2009. Photo: AFP
Singapore’s economy grew by just 0.7 per cent in 2019, while its shipments contracted by 9.2 per cent – both the worst figures since 2009. Photo: AFP
Singapore

Singapore exporters desperate for volatile US-China trade deal to hold after year from hell

  • After a miserable 2019 when its economy grew just 0.7 per cent, better economic data has started to emerge from the trade-dependent island state
  • However, businesses are wary that the US-China phase one deal only ended ‘episode one’ of the trade war, with more trouble expected

Singapore’s economy grew by just 0.7 per cent in 2019, while its shipments contracted by 9.2 per cent – both the worst figures since 2009. Photo: AFP
Singapore’s economy grew by just 0.7 per cent in 2019, while its shipments contracted by 9.2 per cent – both the worst figures since 2009. Photo: AFP
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