8/23/2019, 11:21 AM (Source: TeleTrader)
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Moody's revises down Hong Kong, Singapore growth

Moody's announced on Friday that it revised down its growth forecast for 2019 for Hong Kong, Singapore and 14 other economies in the Asia-Pacific region amid a slowdown in the first half of the year compared to the same period in 2018.

Moody's investors service stated that investments decreased amid global trade concerns and uncertainties leading to lower exports. However, private consumption remained stable.

The report includes the economies of Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Mongolia, New Zealand, the Philippines, Singapore, Sri Lanka, Taiwan, Thailand, and Vietnam.

Baha Breaking News (BBN) / VP