Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state.
Most forms of Brexit will worsen the country’s finances and reduce space for new initiatives to address child poverty, social care and left-behind communities that some argue drove the Brexit vote, a report has found.
British companies spent more on marketing in the opening quarter of 2019 despite uncertainty around Brexit, but their budgets for the rest of the year could be the most subdued since after the financial crisis, a survey showed.
The German government is set to halve its 2019 growth forecast for Europe’s biggest economy, a government source told Reuters on Friday, reflecting a worsening slowdown linked to a recession in the manufacturing sector.
The Monetary Authority of Singapore (MAS) announced in a report on Wednesday that professional forecasters downgraded Singapore's 2019 growth forecast from previously predicted 2.6 percent to 2.5 percent.
The French government has lowered its economic growth forecast for next year to 1.7 percent and unveiled plans to cut public spending in an effort to stay in line with European Union budget commitments.