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Growth risks compound on shock factory drop
Manufacturing reprieve in July proves short-lived; some economy watchers cut growth forecasts
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Published Thu, Sep 26, 2019 · 09:50 PM
Singapore
WHILE Singapore could still escape a technical recession, the risks have gone up, economy watchers warned.
Factory output plunged by 8 per cent year on year in August, according to fresh data on Thursday. It aborted hopes of a reprieve, despite a better-than-expected showing in July.
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