Singapore has trimmed its growth forecast for the year as global headwinds weigh on the economy.
GDP is now expected to come in between 0.5% and 1.5%, narrowing from the previous 0.5% to 2.5% range. This comes as the economy grew 0.5% in the second quarter. Still, a technical recession is not expected. The Monetary Authority of Singapore said growth and inflation trends are within expectations. It will continue to monitor the situation and will decide if monetary policy adjustments are needed during its October review.
Subscribe to our channel here: [ Ссылка ]
Subscribe to our news service for must-read stories:
Telegram - [ Ссылка ]
WhatsApp - [ Ссылка ]
Follow us:
CNA: [ Ссылка ]
CNA Lifestyle: [ Ссылка ]
Facebook: [ Ссылка ]
Instagram: [ Ссылка ]
Twitter: [ Ссылка ]
TikTok: [ Ссылка ]
