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Economists expect easing of exchange rates as Singapore fights off technical recession

Amala Balakrishner
Amala Balakrishner9/19/2019 04:13 PM GMT+08  • 3 min read
Economists expect easing of exchange rates as Singapore fights off technical recession
SINGAPORE (Sept 19): Singapore is forecast to dip into a technical recession in the current quarter ending Sept 30, say economists at Oxford Economics.
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SINGAPORE (Sept 19): Singapore is forecast to dip into a technical recession in the current quarter ending Sept 30, say economists at Oxford Economics.

The export-oriented city-state is bracing for its economy to be hit the hardest across the region amid spillovers from the US-China trade war, slower Chinese domestic demand and a downturn in the global electronics cycle, according to the latest ICAEW report published Thursday.

The quarterly Economic Update: South-East Asia review is produced by advisory firm Oxford Economics.

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