s'pore officially in technical recession

[Sammyboy RSS Feed]

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

Singapore at risk of a technical recession if industrial production dips 6.8%

yesterday's release of industrial production at -7%

External headwinds arising from the deceleration in China’s growth was the key reason behind the dire outcome. PMIs of all key markets have also turned southwards while the knock-on effects from the equity market debacle in China and the impact of the yuan devaluation have yet to be fully manifested in the headline number. These factors essentially underscored the dicey global outlook and contributed to the slump in demand.

https://sg.finance.yahoo.com/news/si...020600919.html


Click here to view the whole thread at www.sammyboy.com.