Exports dropping……companies not able to clear inventories….recession confirmed
“There is consensus now that the US economy will go into a recession and therefore we should not expect any quick rebound in demand,” Mr Goh said.
He added that a lot of US retailers have not been able to clear their inventories because of the collapse in new orders recently.
www.straitstimes.com/business/singapore-non-oil-exports-fall-206-in-december-worse-than-expected
h/t Antique-Flight-5358
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