Thursday, October 28, 2021

Singapore slashes 2019 growth forecast stoking recession fears

FILE PHOTO: Container cranes are pictured at the port of Singapore, June 10, 2018. REUTERS/Feline Lim/File Photo

August 13 (Reuters) - Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state. The government cut its forecast range for gross domestic product in Singapore - often seen as a bellwether for global growth because international...

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