Singapore GDP growth to slow to 1.9% in 2019: ICAEW

Singapore

IN LIGHT of renewed US-China trade tensions, South-east Asia is expected to see a greater slowdown in economic growth, with Singapore being "most negatively affected and would likely dip into recession in 2020".

This is according to the Institute of Chartered Accountants in England and Wales (ICAEW), in a report on Tuesday.

As a small, open economy heavily dependent on exports, the report noted that Singapore is expected to experience the sharpest slowdown in the region.

The country's gross domestic product (GDP) growth in 2019 is expected to moderate to 1.9 per cent from 3.1 per cent in 2018, before rising to a below-trend rate of 2.2…