How will Brexit affect singapore... if it will affect us at all? - Seedly
 

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Asked by Anonymous

Asked on 21 Mar 2019

How will Brexit affect singapore... if it will affect us at all?

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Yeo Enk Loui
Yeo Enk Loui
Level 6. Master
Answered on 24 Mar 2019

In terms of trade, Brexit might only have marginal impact on Singapore as it is only 22nd on the overall list of Singapore’s trading partners. Hence, one can argue that Singapore wouldn't really be affected since we are not exactly dependent on trade wih the UK.

However, in the long term, Singapore’s economy might suffer if UK companies scaled back their investments in manufacturing, which could well happen if Brexit takes its toll on the British economy. A continually weak pound will also exacerbate this issue, particularly if it continues to struggle against the Singapore dollar.

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