'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
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.
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