Economists cut Singapore growth forecast for 2003

  • Business Premium
  • Wednesday, 04 Jun 2003

SINGAPORE: The city-state's economic outlook took a hit yesterday as private economists halved their growth forecasts for 2003 following the Severe Acute Respiratory Syndrome (SARS) outbreak and a slowdown in manufacturing. 

The latest quarterly poll by the Monetary Authority of Singapore (MAS) found that economists now expected the city-state's gross domestic product (GDP) to grow only 1.5% in 2003, down from 3.8% in a March survey. 

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