SINGAPORE ECONOMY ·
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MTI: 2019 growth could slow to below mid-point of forecast range

2018 GDP up by 3.2%; officials warn 2018's sluggishness likely to continue into the new year

Singapore

THE Singapore economy slowed last year - and will likely only cool further, according to the latest news from the Ministry of Trade and Industry (MTI).

With an economic slowdown expected to drag on, all eyes will be on relief measures in next Monday's Budget, and the Monetary Authority of Singapore (MAS) policy meeting in April is also keenly awaited.

Gross domestic product (GDP) was up by 3.2 per cent to S$442.5 billion at constant prices, after notching revised growth of 3.9 per cent in 2017, the MTI has said. GDP at current prices stood at S$487.1 billion for the year. (see amendment note)

But the ministry also warned that growth this year could be "slightly below the mid-point" in its...

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