Bloomberg.com
8 Aug 2008
Aug. 8 (Bloomberg) -- Singapore lowered its 2008 growth forecast for a second time this year as Prime Minister Lee Hsien Loong warned of a ``bumpy year ahead,'' saying a U.S. slowdown will hurt the global economy.
The Southeast Asian economy will grow between 4 percent and 5 percent in 2008, Lee said in a televised National Day message today. The government had earlier estimated an expansion of as much as 6 percent this year, after growth of 7.7 percent in 2007.
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