Most of Singapore’s key trade partners, including China, the United States, Europe and Asean, are projected to grow in 2024.
“Given the worse than expected first quarter performance, there are downside risks to the Nodx forecast, which could come at the lower range of the 4 per cent to 6 per cent forecast,” Enterprise Singapore said on May 23. Most of Singapore’s key trade partners, including China, the United States, Europe and Asean, are projected to grow in 2024.
In the first quarter of 2024, Singapore’s non-electronics shipments fell from the same period a year earlier, after registering growth in the previous quarter. Telecommunications equipment, diodes and transistors and parts of personal computers contributed the most to the decline in electronics shipments.
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