Preparing for a downturn: Amid trade war fallout, Singapore economy has plenty of ammunition

Measures such as a stimulus package, easing of monetary policy can be rolled out: Economists

Singapore is a major producer of electronics and semiconductors, both of which have been hit by trade war uncertainties.
Singapore is a major producer of electronics and semiconductors, both of which have been hit by trade war uncertainties.PHOTO: ST FILE

It looks like it's going to be a blue Christmas this year.

The usual July rush of orders for electronic components from manufacturers, in time for deliveries ahead of the year-end holiday season, have not come in.

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A version of this article appeared in the print edition of The Sunday Times on July 21, 2019, with the headline 'Amid trade war fallout, S'pore economy has plenty of ammo'. Subscribe