A view of the city skyline in Singapore. Growth in the city state’s trade, finance and insurance sectors is expected to be hit by a slowdown in other major economies. Photo: Reuters
A view of the city skyline in Singapore. Growth in the city state’s trade, finance and insurance sectors is expected to be hit by a slowdown in other major economies. Photo: Reuters
Singapore

Singapore forecasts growth as low as 0.5 per cent next year as global pressures mount

  • The city state’s Ministry of Trade and Industry said GDP is expected to rise by 0.5 per cent to 2.5 per cent next year
  • That’s down from about 3.5 per cent this year, as Singapore joins a global trend towards slowing growth

A view of the city skyline in Singapore. Growth in the city state’s trade, finance and insurance sectors is expected to be hit by a slowdown in other major economies. Photo: Reuters
A view of the city skyline in Singapore. Growth in the city state’s trade, finance and insurance sectors is expected to be hit by a slowdown in other major economies. Photo: Reuters
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