Singapore's financial centre is seen from the Singapore River. The city state released its full-year GDP figures for 2019. Photo: AP
Singapore's financial centre is seen from the Singapore River. The city state released its full-year GDP figures for 2019. Photo: AP

Singapore cuts GDP forecast for 2020, cites risk to China’s growth from coronavirus

  • The city state lowered its forecast to -0.5 to 1.5 per cent, as it released final GDP figures for 2019 showing 1 per cent growth for the fourth quarter
  • Analysts said manufacturing, tourism and exports would be hit as Singapore’s economy is now more dependent on China compared to 2003 during Sars

Singapore's financial centre is seen from the Singapore River. The city state released its full-year GDP figures for 2019. Photo: AP
Singapore's financial centre is seen from the Singapore River. The city state released its full-year GDP figures for 2019. Photo: AP
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