DBS cuts Singapore's 2020 growth forecast to 0.9%

Singapore

DBS Group Research has downgraded its growth forecast for Singapore's 2020 real gross domestic product (GDP) to 0.9 per cent, from 1.4 per cent previously.

This takes into account the likely hits to consumer and business sentiment, tourism and the regional supply chain from the novel coronavirus outbreak, DBS senior economist Irvin Seah said in a research note on Friday.