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How Singapore's job slowdown may impact NRIs
The Business Guardian
|June 20, 2023
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth straight quarter.
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Based on data from Enterprise Singapore, a statutory board under Singapore’s Ministry of Trade and Industry, non-oil domestic exports (NODX) declined 14.7 per cent in May. This is following a fall of 9.8 percent in April led by decreases in both electronics and non-electronics exports. The decrease is attributed mainly to weakness in the Hong Kong, Malaysia and Taiwan markets although exports to China and the United States ticked up. NODX to Singapore’s top 10 markets declined as a whole last month.
यह कहानी The Business Guardian के June 20, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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