Singapore narrows forecast of 2020 GDP contraction


SINGAPORE, Nov. 23 (Xinhua): Singapore's Ministry of Trade and Industry (MTI) said on Monday that it narrowed the gross domestic product (GDP) growth forecast for 2020 to "-6.5 to -6 percent" from "-7 to -5 per cent."

The ministry said that it considered the global and domestic economic environment, as well as the performance of the Singapore economy in the first three quarters of this year, before adjusting the GDP growth forecast.

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Singapore , Forecast , GDP 2020 , MTI , Economy

   

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