Bloomberg.com, 16 Dec 2008, Shamim Adam
Dec. 16 (Bloomberg) -- Singapore’s economic growth this year may miss the government’s forecast as the global economy worsens amid a credit crisis, Trade Minister Lim Hng Kiang said.
“The economy is very volatile and very vulnerable to global conditions,” Lim told reporters in Singapore today. “We believe that the growth for this year will come slightly below our earlier projections of 2.5 percent because since September, there has been an unprecedented drop in world market conditions.”
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