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Singapore’s economy misses forecasts with 2.7 percent growth

Singapore’s economy misses forecasts with 2.7 percent growth

City-state’s performance is closely watched as a barometer of global economic conditions.

Singapore’s economy grew slower than expected in the first quarter, as a struggling manufacturing sector weighed on tourism spending from events including Taylor Swift’s concerts.

The city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on international trade.

Gross domestic product (GDP) expanded 2.7 percent on-year, the Ministry of…


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