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Nearly half of Singapore SMEs see no growth in sales this year: survey

Skyline photo of the Singapore Central Business District (CBD).

[SINGAPORE] A significant proportion of Singapore's small and medium-sized enterprises (SMEs) are experiencing zero or negative revenue growth, according to a new survey.

The annual SME Development Survey, released on Wednesday, showed that 47 per cent of respondents do not expect any turnover growth this year, while 6 per cent will see sales decline.

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