Vietnamplus

The Ministry of Trade and Industry of Singapore downgraded its economic growth forecast to between 0.5-1.5 percent from the rate of between 0.5-2.5 percent estimated in November 2019.

A Reuters poll of 11 economists showed that Singapore is expected to report slower third-quarter economic growth than initially thought as the manufacturing sector faces strains from weaker global demand and an intensifying trade dispute between the United States and China.

One year after the US’s withdrawal from the Trans-Pacific Partnership (TPP), the remaining 11 Asia-Pacific countries, including Vietnam, have signed a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP) to remove tariff barriers in the region.

Non-oil domestic exports (NODX) in Singapore in October jumped by 20.9 percent year-on-year, according to the International Enterprise (IE) Singapore on November 17.