Singapore growth to remain weak amid global risks, IMF says

The IMF last week lowered Singapore’s growth forecast for this year to 0.5% and estimates expansion of 1% in 2020.

SINGAPORE: Singapore’s economic growth will likely remain weak, weighed down by subdued global demand and a downturn in the electronics cycle, according to the International Monetary Fund.

Across the region, uncertainty about U.S.-China trade tensions and oil prices remain the biggest risks, Jonathan Ostry, deputy director of the Asia Pacific department, said at a joint conference hosted by the IMF and the Monetary Authority of Singapore on Wednesday.