Singapore Ecomony

US recession may cause Singapore’s GDP growth to drop to 3%

The market generally expects Singapore's economy to grow by 5.5 percent this year. But economists at Nanyang Technological University (NTU) said if the United States goes into a recession, there is a 50 percent chance that Singapore's GDP growth may drop to as low as 3 percent. Generally, consumer demand is expected to slow down this year, whether or not the US goes into a recession. Choy Keen Meng,...

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