New Economy Forum
Singapore Assessing 2019 Forecasts as Trade War Risks Loom
- Businesses uncertain about investing, finance minister says
- Heng speaks in Bloomberg interview ahead of New Economy Forum
This article is for subscribers only.
Singapore may need to review its economic growth projections for next year as a trade spat between the world’s two biggest economies increases uncertainty and crimps business investment, the city state’s finance minister said.
“In the short run, the impact is not fully felt yet," with Singapore retaining its growth forecast for this year at 2.5 percent to 3.5 percent, Heng Swee Keat said in an interview Friday with Bloomberg Television’s Haslinda Amin. "But any trade tension that sets back globalization will affect everyone, including the countries that are directly involved, but also collateral damage right across all economies."