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'Green shoots' to bring Singapore's economy in the black, says OCBC

Amala Balakrishner
Amala Balakrishner11/27/2019 04:37 PM GMT+08  • 4 min read
'Green shoots' to bring Singapore's economy in the black, says OCBC
SINGAPORE (Nov 27): Singapore’s economy is starting to see some “green shoots” that could bring a glimmer of hope amid negative non-oil domestic export (NODX) figures and slow growth, says Selena Ling, chief economist at Oversea-Chinese Banking Corp
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SINGAPORE (Nov 27): Singapore’s economy is starting to see some “green shoots” that could bring a glimmer of hope amid negative non-oil domestic export (NODX) figures and slow growth, says Selena Ling, chief economist at Oversea-Chinese Banking Corp (OCBC Bank).

Ling, who also heads the bank’s treasury research and strategy department, notes that Singapore’s electronics manufacturing sector is showing signs of bottoming out.

Electronics shipments fell by 16.4% in October, compared to a 24.9% drop in September, which translated into a 0.4% increase in the electronics output between September and October.

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