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Singapore Feb exports surge, electronics recover

Singapore’s exports recovered strongly in February, led by electronics and pharmaceuticals, providing an early sign the picture could brighten for Asia’s trade-dependent economies.

The Southeast Asian city-state is seen as a bellwether for the region as its trade is three times the size of its economy.

Economists said the strong exports data announced by the government on Friday suggests Singapore’s economy may grow this quarter and avoid a technical recession.

(Source: CNBC)