DBS cuts Singapore's 2020 growth forecast to 0.9%
Add BT as a preferred source
Fiona Lam
Published Fri, Feb 7, 2020 · 09:50 PM
Singapore
DBS Group Research has downgraded its growth forecast for Singapore's 2020 real gross domestic product (GDP) to 0.9 per cent, from 1.4 per cent previously.
This takes into account the likely hits to consumer and business sentiment, tourism and the regional supply chain from the novel coronavirus outbreak, DBS senior economist Irvin Seah said in a research note on Friday.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot
UK PM Starmer resigns; new leader to be in place by September
