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Thursday, November 24, 2016

Singapore downgrades its GDP growth in 2016.

https://sg.finance.yahoo.com/news/singapore-downgrades-2016-gdp-exports-003300147.html

Our government's estimate (-4.1%) was overly pessimistic on 14 October compared to the actual fall of -2%.  Was this due to being too conservative or our government economist was too lousy?  The estimation was too way off!

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