Singapore posts slowest annual growth of the decade

Growth for all of 2019, at 0.7%, was the slowest in a decade. The Singapore dollar was little changed after the release.

SINGAPORE: Singapore’s economic growth slumped in the final months of 2019 as trade-reliant sectors struggled to gain traction despite an easing of US-China tensions.

Gross domestic product rose an annualised 0.1% in the three months through December from the third quarter, according to an advance estimate released yesterday by the Ministry of Trade and Industry. The median forecast in a Bloomberg survey of economists called for 0.4% expansion.