At the same time, risks in the global economy are tilted to the downside,” Loh Khum Yean, permanent secretary for trade and industry said. Singapore has reported lower-than-expected GDP growth figures of 3% for Q3 2018 over the previous quarter, well below a median estimate by analysts of 4.2% and the government's own initial forecast of 4.7% in October. The Straits Times Singapore warned that trade tensions will continue to affect its economic performance into 2019 as demand for its exports continues to weaken.
Singapore has reported lower-than-expected GDP growth figures of 3% for Q3 2018 over the previous quarter, well below a median estimate by analysts of 4.2% and the government's own initial forecast of 4.7% in October. The Straits Times Singapore warned that trade tensions will continue to affect its economic performance into 2019 as demand for its exports continues to weaken.