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UBP: Concerns about an imminent trade slowdown are overblown

UBP’s chief economist for Asia, Mark McFarland, believes that concerns about a trade slowdown may be overblown, after Singapore’s exports of non-oil products came in well short of expectations in April. Non-oil exports contracted 0.7% YoY last month, while markets had anticipated a 12% YoY increase after a five-month recovery period of steady growth. Electronics and non-electronics exports rose for…

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