Singapore cuts 2012 growth outlook, sees subdued 2013

Singapore cut its growth forecast for this year to around 1.5 per cent and warned of a subdued 2013 on Friday as updated third-quarter data and October export numbers showed weakness in electronics manufacturing and financial services.

The trade-dependent economy is expected to grow 1-3 per cent next year, with risks on the horizon from the US fiscal cutback and the eurozone crisis, the Ministry of Trade and Industry (MTI) said in a statement.

via Business feed http://www.scmp.com/business/economy/article/1083780/singapore-cuts-2012-growth-outlook-sees-subdued-2013