Singapore's economy expanded at its slowest pace in a decade last year as i...
SINGAPORE - Singapore’s economy expanded at its slowest pace in a decade last year as its manufacturing sector contracted, preliminary data showed on Thursday, though fourth quarter data firmed expectations for a modest recovery in 2020.
Gross domestic product grew 0.7% in 2019, the slowest annual pace since 2009 and down from 3.1% in 2018. Authorities expect growth of between 0.5% to 2.5% this year, while Singapore’s biggest bank DBS is forecasting a 1.4% expansion. “The government is going to roll out the fiscal budget next month and this will likely be very generous,” he added, citing surpluses accumulated in recent years and upcoming elections, which must be held by early 2021 at the latest.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trump’s “Phase One” Trade Deal Leaves China With Massive AdvantageOne of the key reasons Trump launched his trade war has yet to be resolved.
Lire la suite »
Singapore fourth-quarter GDP growth picks up on services sectorSingapore's economy expanded at a slightly faster pace in the fourth quarte...
Lire la suite »
A Decade Of Diversity Highs And LowsDiversity and inclusion have received ever-increasing attention during the last 10 years.
Lire la suite »
Rapper Lexii Alijai death confirmed by family in emotional New Year's Day postLexii Alijai has died aged 21 on the first day of the new decade with her cousin confirming the news in an emotional Facebook post that paid tribute to the rapper
Lire la suite »
Peter Navarro sees 'at least' Dow 32,000 in 2020 and US economic growth closer to 3% next yearThe Dow will hit 32,000 in 2020, White House trade advisor Peter Navarro predicted. “It’s going to be the roaring 2020s next year,” he said yesterday.
Lire la suite »
These 6 charts compare the US and China economies in the second year of their trade warThe trade war between the U.S. and China entered its second year in 2019, and has increasingly weighed down both economies.
Lire la suite »