'Green shoots' for Singapore as electronics start to recover
But there is still a lack of clarity so long as the US-China trade issues remain unresolved, says OCBC
Add BT as a preferred source
Singapore
SINGAPORE'S economy is starting to see "green shoots", with signs that the electronics manufacturing cluster had bottomed out mid-2019, OCBC Bank's chief economist said, but there is still a lack of clarity so long as the US-China trade issues remain unresolved.
"We had an inkling that electronics probably bottomed around the mid-year. We saw that in the NODX (non-oil domestic exports) numbers for October, and then we got the confirmation again in the IP (industrial production) numbers today," OCBC's Selena Ling said in a briefing with reporters on the bank's outlook for 2020.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot
UK PM Starmer resigns; new leader to be in place by September
