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Singapore's family feud complicates fight against bad economic news

Lee Hsien Loong should have enacted reforms when GDP growth was still buoyant

| Singapore

Terrible news on Singapore's economy could not come at a worse moment for Prime Minister Lee Hsien Loong.

Word that growth in his trade-reliant city-state fell 3.3% in the second quarter from the previous one rippled through world markets. Singapore's open, sizable market often portends sudden shifts in global trade flows. For all of 2019, Lee's statisticians now expect gross domestic product to come in between zero and 1%, compared with 1.5%-2.5% before.

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