Trump-triggered Singapore recession fear heightened as October exports slumped

Trump's protectionist policy stance poses risk to trade-dependent Singapore.

Singapore's exports in October contracted sharply as sales to major markets fell, raising the risk of a recession in the trade-dependent economy amid heightened uncertainty around global trade in the wake of Donald Trump's U.S. election victory.

The affluent city-state's economy has been on the ropes in the last two years as exports fell away amid slow world growth, and Trump's upset had added another layer of doubt on trade given his protectionist policy stance.

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