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Singapore's Recent Exports: The Bright Spots
11 August 2009
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Singapore’s exports are diversified across many markets, including both developed and developing economies (Exhibit 1). However, with the synchronous collapse of global trade arising from the current global economic crisis, Singapore’s domestic exports to all of her key trading partners have, at some point, contracted by at least 30 per cent in year-on-year terms (Exhibit 2).
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