Singapore’s US-China trade war exposure laid bare in scathing economic review

Next year’s growth rate for the city will be 1.6 per cent, economists said, down from their previous estimate of up to 2.4 per cent made in June, with the analysts united in their view that the trade war is the chief cause of Singapore’s economic woes.

THE trade war between the United States and China will continue to hammer Singapore’s economy this year and severely disrupt it into 2020, according to a new report which laid bare the city state’s exposure to the escalating dispute.

As a measure of how the tit-for-tat tariff battle between the world’s two largest economies has sent shock waves through Asia’s exporting economies, this year’s growth forecasts for Singapore have already been downgraded sharply from 2.1 per cent to 0.6 per cent.