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Singapore’s 2019 growth forecast cut to 2.1%, trade remains top risk: MAS survey

Singapore’s 2019 growth forecast cut to 2.1%, trade remains top risk: MAS survey

SINGAPORE: Economists lowered again their forecasts for Singapore’s expected growth in 2019 after the year’s first quarter saw its slowest growth in nearly a decade, the latest economic survey from the Monetary Authority of Singapore (MAS) said on Wednesday (Jun 12).

The survey predicts this year’s gross domestic product to be 2.1 per cent, down from the previous forecast of 2.5 per cent.