Singapore certainly seems to be ahead of the "slow down" curve:
SINGAPORE: Singapore’s economy grew by a
meagre 0.1 per cent year-on-year in the second quarter, the lowest in a
decade, according to official estimates released on Friday (Jul 12).
That
widely missed economists' forecasts of 1.1 per cent and was the lowest
since the second quarter of 2009 when gross domestic product (GDP)
contracted by 1.2 per cent, according to Bloomberg data.
and this:
Retail sales in Singapore decreased 2.1 per
cent in May 2019 as compared to a year ago, according to
figures released by the Department of Statistics (Singstat) on Friday
(Jul 12).
The estimated total retail sales value in May 2019
was about S$3.7 billion, with online retail sales making up about 5.3
per cent.
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