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Economy

Singapore drastically cuts growth forecast as trade war bites

Economists predict city-state could experience full-year contraction

SINGAPORE -- Trade-dependent Singapore is increasingly hurting from the prolonged U.S.-China economic standoff, with officials of the city-state downgrading its growth forecast on Tuesday to the 0% to 1% range for 2019, from 1.5% to 2.5%.

The officials said growth was expected to be at around the middle of the new range.

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