Economics
Singapore ‘Lucky’ If Growth Is Positive in 2019, PM Lee Says
- Central bank sees growth around midpoint at 0%-1% this year
- Data Thursday showed further slump in exports in September
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Prime Minister Lee Hsien Loong said Singapore will be “lucky” to see positive economic growth in 2019, casting a dark tone over the nation’s outlook as exports continue to slump.
“This year we’ll be well under 1%,” Lee said Wednesday at a conference in Singapore hosted by Forbes. “If we’re lucky we should be above zero, but the momentum has substantially diminished. And a lot of it is lack of confidence -- uncertainty.”