Singapore | Singapore's bellwether economy has avoided a recession this year, but cyclical and structural shifts affecting trade-exposed countries across the region will continue to suppress growth rates into 2020.

The Singapore government now expects the economy to expand by between 0.5 and 1 per cent this year, and 0.5 to 2.5 per cent in 2020. The city state's third-quarter GDP data, released on Thursday, revealed slightly better-than-expected year-on-year growth of 0.5 per cent, thanks to a pick-up in manufacturing in September.