Singapore exports have fallen in May vs a rise that was expected ...Middle East

Singapore's non-oil domestic exports -3.5% y/y in May

expected +8.0%, prior +12.4% in April

Exports to Taiwan, Indonesia, South Korea and Hong Kong increased y/y in May

exports to the United States, Thailand and Malaysia decreased

Singapore downgraded its GDP forecast for 2025 to 0% to 2% from 1% to 3% in April.

This article was written by Eamonn Sheridan at www.forexlive.com.

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