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Singapore's growth this year may fall below 1.5% forecast

Published on Nov 16, 2012 2:31 PM
 
Singapore's economy is expected to grow by around 1.5 per cent this year, the Ministry of Trade and Industry said today in its latest forecast. -- ST PHOTO:  KEVIN LIM

Singapore's economy is expected to grow by around 1.5 per cent this year, the Ministry of Trade and Industry said today in its latest forecast.

However it warned that growth could go "slightly lower than forecast", if weakness in the externally-oriented sectors persists in the final quarter of this year.

It said that the electronics manufacturing sector will continue to be weighed down by tepid external demand. However the domestic construction sector may provide modest growth support.