Singapore's export outlook dims

08/12/2013 | Bloomberg

Singapore lowered its official export forecast for 2013 from 2%-4% growth to stable or perhaps a 1% increase, citing a slowing economy in China. "Looking at the export sector, it's premature to declare we are out of the woods. Singapore's growth support is coming from the services sector," said Vishnu Varathan, a Mizuho Bank economist in Singapore.

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