Singapore's Economic Growth May Slow to 5-Year Low (Update1)

Bloomberg.com, 3 Sep 2008, Shamim Adam

Sept. 3 (Bloomberg) -- Singapore's economy may expand at the slowest pace in five years, according to a central bank survey that found economists expect faster inflation and smaller gains in the currency.

Growth will slow to 4.2 percent in 2008 as manufacturing eases and exports decline, according to a survey of 20 economists by the Monetary Authority of Singapore released today. That would be less than the 5.5 percent median forecast in June.

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