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Singapore's weak exports heightened recession risk
Economy braces for further contraction in Q4.
The external and domestic headwinds have raised the risk of a recession in Singapore, and heightened the chance of fiscal or monetary stimulus over the near term, analysts said.
ANZ economist Weiwen Ng said the risk of a recession in the current quarter cannot be ruled out, though that is not ANZ's core view at this stage.
The higher U.S. yields and stronger dollar seen after the U.S. election could divert capital flows away from Asia and lead to higher domestic interest rates and tighter financial conditions in Singapore, he said.
"Therein lies the risk of a possible sharp downturn in Q4."
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