“This comes at a time when global economic growth already peaked in 20 18 and growth in major economies such as the US, Europe, Japan and China will slow in 2019, which increases downside risks to Singapore’s export-oriented economy, as trade uncertainty continues to loom,” Fitch Solutions says in a commentary on Monday.
SINGAPORE (Jan 22): Fitch Solutions Macro Research says it expects the Singapore government to adopt looser fiscal policy for FY19/20 (April-March) in an effort to cushion the economic slowdown due to unfavourable global economic conditions.
Finance Minister Heng Swee Keat is scheduled to deliver the 2019 Budget statement on Feb 18.
