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Economists in MAS survey forecast slower 0.6% growth for 2019 on trade tensions

Benjamin Cher
Benjamin Cher9/4/2019 12:18 PM GMT+08  • 3 min read
Economists in MAS survey forecast slower 0.6% growth for 2019 on trade tensions
SINGAPORE (Sept 4): Economists are lowering their forecasts for Singapore’s gross domestic product growth amid macroeconomic uncertainty as trade tensions between the US and China continue to rage on.
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SINGAPORE (Sept 4): Economists are lowering their forecasts for Singapore’s gross domestic product growth amid macroeconomic uncertainty as trade tensions between the US and China continue to rage on.

In the Monetary Authority of Singapore’s September survey of professional forecasters, some 23 economists and analysts who closely monitor the Singapore economy forecast GDP growth to slow to 0.6% for 2019 from 2.1% in a previous survey.

This comes after the Singapore economy grew marginally by 0.1% year-on-year for the 2Q19 ended June, lower than the 1.6% forecasted by respondents in the previous survey.

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