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PR Newswire
11-08-2015, 09:25 AM
For those companies, have only domestic market, will be affected by the softer growth...
Singapore narrows GDP growth forecast for the year
SINGAPORE — The Ministry of Trade and Industry (MTI) has narrowed Singapore's economic growth forecast for the full year to between 2.0 per cent and 2.5 per cent.
This is a downward revision from the earlier forecast of 2.0 per cent to 4.0 per cent.
"The global economy performed weaker-than-expected for the first half in 2015. For the rest of the year, global growth is expected to pick up gradually, although the pace of growth is likely to be uneven across economies. In particular, the advanced economies are expected to see a gradual pick-up in growth, while the growth outlook of regional economies has generally softened," said MTI.
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http://www.todayonline.com/singapore/sin...ecast-year
Singapore narrows GDP growth forecast for the year
SINGAPORE — The Ministry of Trade and Industry (MTI) has narrowed Singapore's economic growth forecast for the full year to between 2.0 per cent and 2.5 per cent.
This is a downward revision from the earlier forecast of 2.0 per cent to 4.0 per cent.
"The global economy performed weaker-than-expected for the first half in 2015. For the rest of the year, global growth is expected to pick up gradually, although the pace of growth is likely to be uneven across economies. In particular, the advanced economies are expected to see a gradual pick-up in growth, while the growth outlook of regional economies has generally softened," said MTI.
...
http://www.todayonline.com/singapore/sin...ecast-year
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