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Tuesday, August 13, 2019

Singapore government has revised down SG GDP growth by close to 100%.

https://sg.finance.yahoo.com/news/singapore-cuts-growth-outlook-trade-war-bites-052350837--finance.html

Omg! SG government revises down our GDP growth tremendously (a complete wipeout).  Financially speaking, it will be a total loss.

How did SG end up having to cut its forecast by such a big margin? This was because our government had underestimated the US-China trade war since PM Lee thought that China would lose and bend over.  However, we disagreed with PM Lee in our post below.

http://sg-stock.blogspot.com/2019/05/pm-lee-has-made-judgment-error-on-china.html


1 comment:

Eric Ho said...

http://stocknewspress.com/2019/08/13/u-s-recession-concerns-rising-with-trade-row-goldman-sachs.html

GS must be fabricating fake economic news about the US.

PM Lee said that US was a very resilient country, so GS analysis must be fake.