Singapore Dec exports slide as downturn in sales to China deepens

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Singapore Dec exports slide as downturn in sales to China deepens

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18-01-2016, 05:30 PM

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Singapore Dec exports slide as downturn in sales to China deepens

An honorable member of the Coffee Shop Has Just Posted the Following:

Singapore's electronics sector has been underperforming neighbours such as South Korea and Taiwan due to fierce competition and the city state's lack of popular high-tech products such as smartphones.

"Today's NODX print reinforced our view that risks to the growth outlook is clearly skewed to the downside and could possibly elicit a further calibration in policy settings," said Weiwen Ng, an ANZ economist in Singapore.

Most economists say the city-state's central bank is unlikely to deliver a surprise off-cycle easing similar to the one in January last year, but a few see risks of monetary stimulus if oil prices fall more sharply or China's economy takes a turn for the worse.

http://www.cnbc.com/2016/01/17/singa...ber-slump.html

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