IMF cuts Singapore growth forecast to 2%

The IMF found that three quarters of credit booms in emerging markets end in banking crises.

SINGAPORE: The International Monetary Fund (IMF) has trimmed its 2019 economic growth forecast for Singapore to 2% from 2.3%, the Washington-based lender said, as global trade tensions hit exports from the city-state.

Singapore’s economy grew just 0.1% in the second quarter, its slowest annual pace in a decade, raising bets of a recession and monetary policy easing.