Singapore Q3 GDP growth well below forecast, trade frictions dent outlook

PUBLIC OUTCRY: Singapore's Internet regulator will block access to infidelity website AshleyMadison.com following a public uproar over the Canada-based site's plan to offer a service in the South-East Asian city-state. — AFP

SINGAPORE: Singapore’s economy expanded at a much slower pace than initially thought in the third quarter, with the government flagging further moderation in the current quarter and warning that the US-Sino trade war will hurt growth in 2019.

The weakening outlook for the prosperous city-state – a bellwether for global growth because international trade dwarfs its domestic economy – underlines a shakeout in financial markets in recent months as investors worry about world trade, investment and corporate earnings prospects.