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Singapore economy at risk if Russia-Ukraine crisis hits global growth and drives up inflation
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As one of the top commodities exporters, Russia has an outsize impact on prices of industrial raw materials and global trade flows - Singapore's economic lifeline.
PHOTO: ST FILE
SINGAPORE - Singapore's economy might be less directly impacted by the war in Ukraine or the sanctions on Russia, but a potential hit to global growth and rising inflation can eventually put a dent on its economic outlook.
Russia represents a rather small share of global gross domestic product (GDP) at about 1.6 per cent, and it is not one of Singapore's major trading partners.
