https://sg.finance.yahoo.com/news/singapores-gdp-growth-disappoints-construction-slumps-024227540.html
Singapore 2nd Qtr GDP growth is at an annualized rate of 0.6% and is slowing down significantly from the previous quarter and annually too.
With the escalation in the US-China trade war, Singapore will slow down further because SG cannot escape unscathed from it since SG is an international trading hub.
Furthermore, SG is increasing utility rates, GST and also will try to increase its ministerial pays.
Singaporeans have to hunker down for tougher times ahead.
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