Singapore's Trade Weakness Could Dim Growth Outlook -- Market Talk

Dow Jones04-17

0654 GMT - Singapore's surprisingly weak trade performance in 1Q poses some risk to OCBC'S full-year non-oil domestic exports growth forecast. If the electronics recovery materializes in 2H, and non-electronics exports stabilize, the lower end of OCBC's 4%-6% forecast range may still be within reach, says Selena Ling, head of research & strategy. The external demand picture and global growth environment remain largely on track for a soft landing this year, but plenty of uncertainty persists, not least in shifting market views about the timing and magnitude of monetary easing, she says. OCBC maintains its Singapore GDP growth forecast at around 2% for 2024, despite the possibility that flash 1Q estimates may be cut after March industrial production data next week. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

April 17, 2024 02:54 ET (06:54 GMT)

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If the electronics recovery materializes in 2H, and non-...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0181495838.USD","symbol_name":"施罗德新兴亚洲A Acc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428736186","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428736186","pubTimestamp":1713336840,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0181495838.USD":"施罗德新兴亚洲A Acc","BK6112":"综合性银行","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU1206713676.USD":"Aviva Investors - Multi-Strategy Target Return Ah USD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999002406.SGD":"利安新加坡信托基金","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","O39.SI":"华侨银行","BK6516":"银行与投资服务概念","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","BK6523":"ESG概念","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999001689.USD":"施罗德亚洲成长股票","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0048573645.USD":"富达东盟基金","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD"},"translate_title":"新加坡贸易疲软可能令增长前景黯淡——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"O39.SI":0.9},"content_text":"0654 GMT - Singapore's surprisingly weak trade performance in 1Q poses some risk to OCBC'S full-year non-oil domestic exports growth forecast. 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