Singaporean economy forecast to expand 0.5-1 percent in 2019
The Ministry of Trade and Industry (MTI) of Singapore on November 21 released a report showing that the country’s economy expanded by 0.5 percent yearonyear in the third quarter of 2019.
Hanoi (VNA) – TheMinistry of Trade and Industry (MTI) of Singapore on November 21 released areport showing that the country’s economy expanded by 0.5 percent yearonyear inthe third quarter of 2019.
The growth was slightly higher thanthe 0.2-percent growth in the preceding quarter, and higher than the forecastby 0.1 percent, according to the ministry.
Under the report,Singapore narrowed its official full-year growth forecast for 2019 to 0.5-1percent.
As for 2020, the MTI forecasts that theSingaporean economy will pick up modestly as compared to2019, and the growth will be in the range of 0.5-2.5 percent.
However, experts held that factorslike the US-China trade tensions, the Brexit and the crisis in Hong Kong maystrongly influence the Southeast Asian country’s economic growth./.
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