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

Three Cabinet ministers issued statements in the wake of these figures, with Deputy Prime Minister Heng Swee Keat saying that a full-year recession is not expected at this point, and there remain areas of strength in the economy.

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