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Fast Progress of Singapore’s Economy Threatened by Trump’s Protectionism


February, 17 2017
watermark Economic news

Singapore’s economy advanced at a quicker rate in the past three months of 2016 which is more than expected. A sudden spike in factory production by 12.3 percent in the last quarter year compare to the average annual and seasonally adjusted reference as reported by the Ministry of Trade and Industry.


However, another concern has risen with the uncertainty brought by President Donald Trump. Analysts and government maintained its heedful stance due to foreign events as increasing worries regarding Trump's protectionism over the United States. Moreover, the country is facing a weak service sector and low banking returns where the two largest lenders, DBS Group Holdings (DBSM.SI) and OCBC (OCBC.SI)  accounted declined in their quarterly profit and increased data for bad loans influenced by the city-state oil service sector.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.