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Singapore slashes GDP, trade forecasts as economy stalls

Stanislaus Jude Chan
Stanislaus Jude Chan • 6 min read
Singapore slashes GDP, trade forecasts as economy stalls
SINGAPORE (Aug 13): Singapore has further cut its GDP growth forecasts and trade growth projections for 2019, amid continued global economic uncertainty over escalating US-China trade tensions.
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SINGAPORE (Aug 13): Singapore has further cut its GDP growth forecasts and trade growth projections for 2019, amid continued global economic uncertainty over escalating US-China trade tensions.

The Ministry of Trade and Industry (MTI) on Tuesday downgraded the GDP growth forecast for 2019 to between 0% and 1%.

Growth is expected to come in at around the mid-point of the forecast range.

TAGS
Ministry of Trade and Industry (MTI)
Enterprise Singapore (ESG)
GDP growth forecast
Non-oil domestic exports (NODX)
trade forecast
US-China trade war
Singapore dollar nominal effective exchange rate (S$NEER)

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