You are here

PM Lee hopeful economic growth above zero in 2019

[SINGAPORE] Prime Minister Lee Hsien Loong said on Wednesday that the city-state's economy should hopefully have expanded over the course of 2019.

Speaking at the Forbes global CEO conference in Singapore, Mr Lee said full-year economic growth in the trade-reliant city-state would be well under 1 per cent and above zero "if we are lucky".

Singapore, seen as a bellwether for the global economy, has been hit by the Sino-US trade war and a global downturn in the electronics industry and narrowly dodged recession in the third quarter. 

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes