Singapore's key exports dip 0.1% in May, but recovery journey facing major roadblocks
Singapore's key exports shrank 0.1% in May, compared to a contraction of more than 9% the month before. But, the recovery journey is facing some major roadblocks, ranging from congestion at its ports, to an ongoing trade spat between the world's two largest economies. NODX is already down some 3.4% in the first quarter, so it seems there may be a long way to go for it to reach the forecast of growth between 4% and 6%. Nasyrah Rohim reports.
Singapore's key exports shrank 0.1% in May, compared to a contraction of more than 9% the month before. But, the recovery journey is facing some major roadblocks, ranging from congestion at its ports, to an ongoing trade spat between the world's two largest economies. NODX is already down some 3.4% in the first quarter, so it seems there may be a long way to go for it to reach the forecast of growth between 4% and 6%. Nasyrah Rohim reports.
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