How Singapore’s Job Slowdown May Impact Non-Resident Indians There

News Snapshot:

Indian professionals in Singapore has doubled from 13 to 25 per cent between 2005 and 2020. Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth straight quarter. Based on data from Enterprise Singapore, a statutory board under Singapore's Ministry of Trade and Industry, non-oil domestic exports (NODX) declined 14.7 per cent in May. This is following a fall of 9.8 percent in April led by decreases in both electronics and non-electronics...