SINGAPORE - Singapore's gross domestic product (GDP) growth in 2019 is expected to drop to 2.4 per cent "against a more challenging environment for exports and the manufacturing sector", according to a report on Monday (March 18) from the Institute of Chartered Accountants in England and Wales (ICAEW).
This is in line with easing growth across South-east Asia, as export growth slows amid increased trade protectionism and slower Chinese import demand, said ICAEW, which sees regional growth at 4.8 per cent in 2019 and 4.7 per cent in 2020, down from 5.1 per cent in 2018.