CNN Money
21st Jan 2008
SINGAPORE, Jan. 21, 2008 (Thomson Financial delivered by Newstex) -- Citigroup (NYSE:C) said Monday it has cut its 2008 GDP growth forecast for Singapore to 5.6 percent from 6.2 percent given expectations of a sharper economic slowdown in the US, a key export market of the city-state.
'Downshifting US growth prospects would be a deeper drag on manufacturing, with negative spillovers on trade-related services,' said economist Kit Wei Zheng in a note to clients. >>>> More
