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Economy

Singapore economy forecast to grow 0.5% to 2.5% in 2020

Manufacturing to rebound, but Hong Kong unrest poses 'negative spillover' risk

Trade-reliant Singapore has been hit hard by the U.S.-China trade war since last year.   © Reuters

SINGAPORE -- The Singapore economy is projected to expand 0.5% to 2.5% next year, topping growth in 2019 as the manufacturing sector looks to rebound, the Ministry of Trade and Industry said on Thursday.

This year's growth is expected to be 0.5% to 1%, the ministry said, up from the previous forecast of 0% to 1%.

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