Downturn puts strain on economy

Manufacturing output plunged by its biggest year-on-year margin on record in January, pointing to further economic strain and putting the country on course for its first recession in 17 years.

Manufacturing output plunged by its biggest year-on-year margin on record in January, pointing to further economic strain and putting the country on course for its first recession in 17 years.

A global downturn has hit local manufacturers hard, leading to a sharp fall in exports and adding to pressure from slowing consumer spending. - Reuters

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