Economists trim Singapore's 2019 growth forecast to 2.1%
They cite trade protectionism as top downside risk; Maybank Kim Eng says recession likely if no Sino-US deal and Trump hikes tariffs on rest of China imports
Janice Heng
Singapore
TRADE protectionism remains the top growth risk cited by private-sector economists, who have further trimmed their 2019 forecast for Singapore to 2.1 per cent, in the Monetary Authority of Singapore's (MAS) quarterly survey of professional forecasters, released on Wednesday.
Down from 2.5 per cent in March's survey, the latest figure falls within the Ministry of Trade and Industry's forecast range of 1.5 to 2.5 per cent, which was lowered in May from the previous range of 1.5 to 3.5 per cent.
TRENDING NOW
PSD reviewing paper that alleges civil servants disproportionately bought homes near unannounced MRT stations
Record remittances fail to shield Philippine peso’s slide from mounting pressures
Canada’s fight with the US has far bigger stakes than trade
CapitaLand Investment’s retrenchments: Mind the downsides of a profitable business laying off staff
