Slower growth expected for S'pore in 2018 as export momentum eases: report

Singapore

THE Singapore economy is expected to expand at a more sedate pace this year compared with last year, on the back of slower manufacturing demand and easing trade momentum, according to a new report.

This mirrors the outlook for the rest of South-east Asia, where growth will largely be supported by domestic demand as export growth slows, according to the report produced by advisory firm Oxford Economics and commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW).