Singapore fell under the “cross-fire” trading vinyola Blinkova | 24.07.2019
Us-Chinese trade war has led to the fact that the chip manufacturers in Singapore have begun to reduce output and lay off hundreds of people.
Against the background of a trade war in Singapore much talk about the recession and preparing for the worst: the country has an economy oriented to export. In a number of companies have begun the process of consolidation,
an increasing number of unpaid days off. The position of the companies is complicated by expensive rents on the island, and the high price of housing.
Overall sales of semiconductors in Singapore, is expected to drop in 2019 to 12-13%. Official data show that in 2018 the semiconductor industry accounted for 28% of the total
production in Singapore, and 76% of the production of electronics. Overall exports in Singapore dropped this year to a six-year low amid declining electronics exports by 31.9%.
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