Economists expect easing of exchange rates as Singapore fights off technical recession

SINGAPORE (Sept 19): Singapore is forecast to dip into a technical recession in the current quarter ending Sept 30, say economists at Oxford Economics.

The export-oriented city-state is bracing for its economy to be hit the hardest across the region amid spillovers from the US-China trade war, slower Chinese domestic demand and a downturn in the global electronics cycle, according to the latest ICAEW report published Thursday.