[theold]

SINGAPORE, Aug 11 — Singapore today cut its economic growth forecast for this year owing to weak demand from key export markets including China and the United States.

Among its major export markets, the US economy is “projected to slow more significantly in the remaining quarters of the year as elevated interest rates and a cooling labour market weigh on personal consumption growth”, the ministry said.

Economic growth in the eurozone and China are also forecast to be sluggish for the rest of the year, it added.

https://www.malaymail.com/news/singapore...mand/84680

[klat]

Probably the lower end of the growth forecast

[RiseofAsia]

One a country GDP depends on Tourism.
It is at the end of the growth stage.

[talky]

SO NEXT YR INCREASE OF GST TO 9% WILL BE DELAYED
NEED DOMESTIC CONSUMPTION TO HELP 

why do i need to pay 9% gst at resturants i do not need to be served i can walk n talk the food so why need to pay another 10% for service charges
TOTAL 19%  A FAMILY OF 6  HAS A MEAL AT A RESTAURANT  OF $300 NEED TO PAY ADD ARD $60/** MORE !!

$60/** >ENOUGH TO PAY FOR 2 MEALS FOR THE SAME 6 PERSONS AT HAWKER CTR!!

[Rainforest]

still need to increase GST to 9% ????
like giving impression to me that with this, more MP can do other "nonsense business" ???

really, already cannot afford such expensive government. way too over expensive...

[[[ForeverAlone]]]

Who will come to spend in SG ?

rental high = business owners have to sell high

You can get the SAME entertainment , foods even at other Cheaper Asia countries.