Singapore’s trade-driven economy is likely to grow by 1.5 to 2.5 percent this year, Prime Minister Lee Hsien Loong said on Wednesday, narrowing the outlook from an earlier forecast of 1 to 3 percent.
Lee also said in his National Day address that Singapore’s economy expanded 1.7 percent in the first half, indicating growth in the second quarter was around 2 percent year-on-year – below the median estimate of 2.3 percent from economists.
(Source: The Malaysian Insider )