Singapore’s export-oriented economy has been hit hard this year by the drawn-out trade war between the United States and China as well as a cyclical downturn in the electronics sector.
SINGAPORE (Dec 31): Singapore’s economy is forecast to have expanded at a slightly faster pace in the fourth quarter, with economists expecting the services sector to compensate for a prolonged manufacturing slowdown.
Gross domestic product (GDP) is expected to have expanded 0.8% from the same period a year earlier, according to the median of nine economists’ estimates. The economy grew 0.5% in July-September.
