Singapore said economic growth this year will be at the lower end of its forecast and the expansion in 2013 may hold near a three-year low, as easing demand for its goods weighs on expansion.
The economy will grow 1 percent to 3 percent in 2013 after expanding about 1.5 percent this year, the Trade Ministry said in a statement today. Gross domestic product contracted 5.9 percent last quarter from the previous three months, worse than the 1.5 percent decline estimated earlier. Full story
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