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Singapore maintains previously lowered full-year GDP forecast at 0 - 2% on 'significant uncertainty' ahead

The Edge Singapore
The Edge Singapore  • 3 min read
Singapore maintains previously lowered full-year GDP forecast at 0 - 2% on 'significant uncertainty' ahead
Concerns over the trade war remains and the full year forecast downgraded last month has been kept / Photo: The Edge Singapore
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Singapore's official GDP forecast for this year has been kept at between 0 to 2%, as concerns over the trade war persist despite some tentative agreements reached.

The government downgraded the full-year forecast last month from the previous 1-3% growth range after the global trade war was ignited by the US.

Since then, US has reached agreements of sorts with the likes of UK and China, notes the Ministry of Trade and Industry.

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