Singapore’s April exports surge 12.4%, beating expectations but outlook remains cautious ...Middle East

The result came well above the 4.3% year-on-year increase forecast in a Reuters poll and reflected solid demand from key trading partners including the U.S., Japan, and regional economies such as Taiwan and South Korea. However, exports to China and Malaysia declined.

Despite the upside surprise, the broader outlook remains clouded by escalating global trade tensions, particularly in light of new tariffs imposed by the United States. Singapore, whose economy is heavily reliant on external trade, has been flagged as vulnerable to a global slowdown. In response, the government recently formed an economic resilience taskforce and warned that a recession cannot be ruled out. Last month, it revised its full-year GDP forecast down to a range of 0% to 2%, from a previous 1% to 3%.

This article was written by Eamonn Sheridan at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( Singapore’s April exports surge 12.4%, beating expectations but outlook remains cautious )

Also on site :

• EU queen Ursula preached transparency – then did backdoor deals with Big Pharma
• Martial Arts Star Johnny Tri Nguyen To Headline Vietnamese Historical Epic ‘The Last Secret Of The First Emperor’
• This Season of ‘SVU’ Was a Clunker — But Next Season Is Very Promising!