New cracks in the global economy as exports tumble | BBC

If you were in any doubt that the US-China trade war is having an impact on Asia, look no further than Singapore’s latest export figures.

Singapore saw exports fall for a second month in a row, this time by 17.3% in the month of June compared to a year ago.

This dramatic fall comes as Singapore’s growth figures released last week showed a 3.4% decline in growth in comparison to the last quarter.

So why should you care if Singapore is selling less of its stuff to the world than it used to?

Source: New cracks in the global economy as exports tumble | BBC