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Singapore exports fall most in three years in March
Singapore exports fall most in three years in March
MONDAY, 18 APRIL 2016 – Singapore exports tumbled at their fastest pace in three years in March on falling shipments to Europe and China, official data showed Monday, supporting forecasts for slower economic growth and further monetary easing this year.
Non-oil domestic exports shrank 15.6 percent year-on-year for the month, trade promotion body International Enterprise (IE) Singapore said, worse than the 12.3 percent fall analysts had projected.