17 Feb '17, 10am

‘Lack of clarity’ on Trump a risk to growth: Singapore https://t.co/55QVjse4ss

‘Lack of clarity’ on Trump a risk to growth: Singapore https://t.co/55QVjse4ss

A fully-loaded container vessel waits outside a container terminal in Singapore, on February 9, 2017. PHOTO: AFP SINGAPORE: Singapore’s trade-driven economy rose faster than thought in 2016 but concerns over a “lack of clarity” on US President Donald Trump’s policies could hit growth this year, the government said on Friday. The economy expanded 2 per cent in 2016, powered by a strong manufacturing sector performance in the fourth quarter, final data from the trade ministry showed. The figures are an improvement on the 1.8 per cent expansion recorded in an advance estimate released last month, with growth next year forecast between 1-3 per cent. Trump signs order withdrawing US from Trans-Pacific trade deal But the ministry warned that rising protectionism in the West will hurt global growth while the results of upcoming elections in Europe could threaten the future of the...

Full article: https://tribune.com.pk/story/1330096/lack-clarity-trump-r...

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