Sin­ga­pore sees mod­er­ate ex­pan­sion

China Daily (Canada) - - BUSINESS -

Sin­ga­pore’s econ­omy ex­panded mod­er­ately last year, amid con­cerns of a global slow­down and weak man­u­fac­tur­ing data, of­fi­cial fig­ures showed onWed­nes­day. Gross do­mes­tic prod­uct ex­panded by 2 per­cent in 2015, a drop from 3.3 per­cent a year ear­lier, ac­cord­ing to the Min­istry of Trade and In­dus­try. The govern­ment fore­casts eco­nomic growth this year of be­tween 1 to 3 per­cent, “bar­ring the full ma­te­ri­al­iza­tion of down­side risks”, the min­istry said. The fore­cast is low

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