IMF cuts growth forecast for Philippines World

IMF cuts growth forecast for Philippines

The International Monetary Fund (IMF) has further slashed its economic growth forecast for the Philippines for 2019 and 2020 to 5.7 percent and 6.2 percent, respectively, as the economy slowed down in the second quarter and external environment worsens.
Singapore lowers economic growth forecast for 2019 World

Singapore lowers economic growth forecast for 2019

Singapore’s annual economic growth slipped to the lowest rate in nearly a decade during this year’s first quarter as manufacturing slowed down in the wake of the prolonged US-China trade war, prompting a downgrade to the city-state’s full-year growth forecast.
Indonesia forecasts 2019 growth of 5.1-5.5 percent World

Indonesia forecasts 2019 growth of 5.1-5.5 percent

Bank Indonesia (BI) has forecast that next year its national economy will grow at almost the same rate as this year’s estimation of 5.1 percent, and domestic consumption will continue to serve as the main engine of growth.
Singapore raises 2017 economic growth forecast World

Singapore raises 2017 economic growth forecast

The Ministry of Trade and Industry (MTI) of Singapore said on November 23 that it decided to adjust the country’s economic forecast this year to 3-3.5 percent from an earlier prediction of 2-3 percent.