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IMF cuts Singapore 2019 growth forecast to 0.5%

It expects Asian economies to grow 5 per cent in 2019, the slowest rate since the global financial crisis

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"Given Singapore's dependence on external trade, growth is projected to remain subdued at one per cent in 2020." - IMF's Jonathan Ostry

Singapore

THE International Monetary Fund (IMF) on Wednesday cut its growth projection for Singapore to 0.5 per cent in 2019, down from an earlier estimate of 2 per cent in July, due to strong export headwinds and the downturn in the electronics cycle.

"Given Singapore's dependence...

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