SINGAPORE: Singapore policymakers are reviewing a 1.5-2.5% economic growth forecast for this year as the U.S.-China trade war hits investment, trade and manufacturing in the city-state, central bank chief Ravi Menon said on Thursday.
The Monetary Authority of Singapore (MAS) expects year-on-year economic growth to be weaker in the second quarter than a decade-low 1.2% achieved in the first quarter due to a global slowdown partly caused by trade tensions, Menon said.
"The Singapore economy is in for a rougher ride but is well placed," Menon said in a speech that accompanied the release of the central bank's annual report.
"We need to be alert but there is no need to be alarmed."
