Singapore set for slower but 'enduring' growth: MAS

SINGAPORE (Oct 26): Singapore's economy is poised for slower but "enduring" growth even as trade tensions remain at the forefront of considerations for global growth prospects, the city-state’s central bank sid in a Friday report.

Singapore’s economy will likely grow in the upper half of the earlier forecast range of between 2.5% and 3.5% this year, before moderating slightly in 2019, the Monetary Authority of Singapore (MAS) said in its Macroeconomic Review report.

"The trade frictions have had a limited impact on the Singapore economy thus far, but the negative spillovers could become more discernible in the latter part of this year and beyond," said MAS.

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