Economics
Southeast Asia Feels the Burn as Global Trade Tensions Heat Up
- Exports growth weakened across the region at end of 2018
- Singapore, Indonesia, Philippines show unexpected slumps
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Southeast Asia, seen as a potential winner from the U.S.-China trade war, is starting to see more sour data, with a string of export reports showing that tensions are weighing heavily on the trade-reliant region.
Singapore’s exports dropped in December by the most in more than two years, data showed Thursday. Earlier in the week, Indonesia posted the worst export growth in a year and a half. Figures from the Philippines last week showed exports unexpectedly slumping in November, including the first decline for electronics shipments in two years.