Singapore’s economic growth will dip to “close to 2%” this year after the city-state avoided a technical recession, the government said on Wednesday, with a potential further slowdown seen in 2016.
The decline from a growth rate of 2.9% in 2014 reflects the impact on Asia of slowing demand for its exports from major world economies including the United States, China and Europe.
For 2016, trade-dependent Singapore’s gross domestic product (GDP) is expected to grow between 1% and 3%.
The latest forecast by the Trade and Industry Ministry is on the lower end of an earlier projection of 2%-2.5% growth.
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The decline from a growth rate of 2.9% in 2014 reflects the impact on Asia of slowing demand for its exports from major world economies including the United States, China and Europe.
For 2016, trade-dependent Singapore’s gross domestic product (GDP) is expected to grow between 1% and 3%.
The latest forecast by the Trade and Industry Ministry is on the lower end of an earlier projection of 2%-2.5% growth.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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