THE M3: S'PORE 2011 GDP FORECAST LOWERED

The Macau Metro Monitor, August 8, 2011

SINGAPORE REVISES 2011 GROWTH FORECAST TO 5-6% Channel News Asia

Because of the recent financial market turmoil and US debt downgrade, S'pore Prime Minister Lee Hsien Loong said the Government is now projecting steady growth of 5 to 6% for 2011 - a one percentage point reduction from the 5 to 7% forecast earlier.