SINGAPORE: The 2019 Singapore growth forecast range of 1.5 per cent to 2.5 per cent is currently being reviewed by the Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS), said MAS managing director Ravi Menon on Thursday (Jun 27).
Speaking at the press conference for the central bank’s annual report, Mr Menon noted that Singapore’s economy has been “clearly affected” by the global slowdown in manufacturing, trade and investment.
“GDP growth for the year as a whole is likely to be weaker than earlier envisaged,” he said.