The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
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 (IMF).
Across the region, uncertainty about US-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. The IMF lowered Singapore’s growth forecast for this year to 0.5% and estimates expansion of 1% in 2020.
Asian policy makers have pragmatically come up with instruments, frameworks to deal with foreign exchange and capital flow volatility.