Singapore’s government revised down its forecast for economic growth. The city state expects its economy to grow 0.0%-1.0% this year, down from a previous projection of 1.5%-2.5%. In the second quarter GDP contracted an annualized 3.3%. Bloomberg Opinion columnist Daniel Moss breaks down the numbers on "Bloomberg Daybreak: Asia."
Boeing’s crisis of confidence continues with a growing number of countries and airline carriers suspending flights of the 737 Max 8 aircraft. The suspensions include the governments of the EU, China, Australia, New Zealand, Singapore, India and Malaysia. But not the U.S. yet.