Singapore's NODX grows at slower pace of 3.1% in September as electronics sector weakens

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Analysts have warned Singapore may be in for weaker economic growth going forward, as key exports eased in September. Non-oil domestic exports rose 3.1% on-year -- a much slower pace than the 11.4% growth recorded in August. This was mainly due to a double-digit decline in exports to China and Hong Kong. On-month, Singapore's NODX stayed in negative territory. It shrank by 4%, extending the 3.9% decline in August.

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Growth? Singapore will go into recession in few months time. Chips delivery to China and Hong Kong will stall.

deschan

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Singapore's NODX grows at slower pace of 3.1% in September as electronics sector weakens

Singapore's NODX grows at slower pace of 3.1% in September as electronics sector weakens

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