(March 18 19:57) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
No
GDP growth is expected to decline to 2.4% in 2019 from 3.2% in 2018.
Singapore braces for economic slowdown brought about by a more challenging environment for exports and the manufacturing sector. The Institute of Chartered Accountants in England and Wales (ICAEW) forecasts GDP growth to decline to 2.4% in 2019 from 3.2% in 2018.
“Whilst Singapore showed some improvement in terms of exports growth in January, the data is likely to be volatile in the first quarter given the timing of Chinese New Year,” ICAEW said.
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