According to latest official readings, the Singapore economy is “flirting” dangerously with recession. In 2Q19, Singapore’s gross domestic product (GDP) grew a meagre 0.1 percent, widely missing economists’ expectations of a 1.1 percent growth. Exacerbated by the US-China trade war, the local manufacturing sector dragged the broader economy, contracting by a wider 3.8 percent in the quarter.
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