https://sg.finance.yahoo.com/news/singapore-economy-shrinks-warning-global-050122956.html
This is not surprising because of the US-China trade war. SG's export is 200% more than its GDP. In other words, our export is 3 times our GDP.
http://sg-stock.blogspot.com/2019/06/singapore-nodx-fell-159-in-may-2019.html
SG's nodx export has been falling for 3 consecutive months as stated in our previous post above.
When international trades slow down, SG will be badly affected because our domestic consumption is too small to make up for the export slowdown.
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