Singapore dodges technical recession, grows 1.8% in 2016

“The big picture is that Singapore’s growth looks set to remain weak over the next couple of years against a backdrop of tightening domestic monetary conditions,” said Capital Economics’ regional economist Krystal Tan.

SINGAPORE: Singapore’s trade-driven economy grew 1.8 percent last year, the slowest pace since the global financial crisis in 2009, after dodging a technical recession in the fourth quarter, official data showed Tuesday.

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