Singapore non-oil exports tumble 20.6% in December, worse than expected

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Exports dropping……companies not able to clear inventories….recession confirmed

“There is consensus now that the US economy will go into a recession and therefore we should not expect any quick rebound in demand,” Mr Goh said.

He added that a lot of US retailers have not been able to clear their inventories because of the collapse in new orders recently.

www.straitstimes.com/business/singapore-non-oil-exports-fall-206-in-december-worse-than-expected

h/t  Antique-Flight-5358

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