SINGAPORE (Mar 22): Singapore’s GDP in 2018 is expected to grow by 3.1%, after 3.6% in 2017, says The Institute of Chartered Accountants in England and Wales (ICAEW) in its latest Economic Insight: South-East Asia report.

This comes on the back of the city state portraying a broadening in growth and recovery in more domestic oriented service sectors that will continue to drive its overall economic growth this year.

Over the coming months, growth in domestically-produced exports, and manufacturing activity, is expected to remain firm, but the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP), which was signed in March, will help boost optimism.

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