WASHINGTON, Aug 28 — Singapore's economy is set to weaken this year on the back of weaker global demand and related international financial and trade strains emanating from the euro zone debt crisis, the International Monetary Fund said on Monday.
"Under the benign global baseline scenario, growth is forecast to soften this year to just below 3 per cent, with a moderate increase in 2013," the IMF said in its annual review of Singapore's economy. The IMF sees growth in Singapore rising to about 3.5 per cent next year. Full story
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Singapore economy slowed by weaker global demand: IMF - Reuters
