ECONOMIC DAILY CHINA ECONOMIC NET SINGAPORE NEWS (REPORTER CAI HONDA) THE MONETARY AUTHORITY OF SINGAPORE RECENTLY RELEASED ITS LATEST SURVEY REPORT, PREDICTING THAT SINGAPORE'S ANNUAL ECONOMIC GROWTH RATE FOR THIS YEAR WILL BE 0.6%, FAR LOWER THAN THE 2.1% PREDICTED THREE MONTHS AGO.DUE TO THE POOR PERFORMANCE OF THE SINGAPORE ECONOMY IN THE SECOND QUARTER AND WEAK GLOBAL ECONOMIC GROWTH, THE SINGAPORE MINISTRY OF TRADE AND INDUSTRY LOWERED ITS ANNUAL ECONOMIC GROWTH FORECAST FROM 1.5% TO 3.5% IN MAY TO 1.5% TO 2.5%. SINGAPORE'S ECONOMY GREW BY ONLY 0.1% YEAR-ON-YEAR IN THE SECOND QUARTER.ECONOMISTS PREDICT THAT SINGAPORE'S ECONOMIC GROWTH RATE IN THE THIRD QUARTER MAY BE 0.3%. SPECIFICALLY IN VARIOUS FIELDS, THE CONTRACTION OF MANUFACTURING AND WHOLESALE AND RETAIL TRADE MAY EXPAND THROUGHOUT THE YEAR. THREE MONTHS AGO, ECONOMISTS PREDICTED A 0.2% CONTRACTION IN THE MANUFACTURING INDUSTRY, AND IN THE LATEST REPORT, THEY PREDICTED A 2.4% CONTRACTION FOR THE ENTIRE YEAR. THE EXPECTED ANNUAL INFLATION RATE IS 0.7%, AND THE CORE INFLATION RATE EXCLUDING ACCOMMODATION AND LAND TRANSPORTATION FEES IS 1.2%, BOTH LOWER THAN THE PREVIOUSLY PREDICTED 0.9% AND 1.4%.THE REPORT SHOWS THAT INTERVIEWED ECONOMISTS BELIEVE THAT THE DOWNSIDE RISK FACING THE SINGAPORE ECONOMY IS THE ESCALATION OF TRADE TENSIONS. HOWEVER, THE PROPORTION OF THIS FACTOR RANKING FIRST HAS DECREASED FROM 94.1% TO 88.9%. MOST INTERVIEWED ECONOMISTS EXPECT THAT SINGAPORE MAY ADOPT AN ACTIVE FISCAL POLICY AND LOOSE MONETARY POLICY TO STIMULATE ECONOMIC GROWTH.