By Elizabeth Wilmot

SMALL and medium-sized enterprises (SMEs) here are more gloomy about the economic outlook than their counterparts across Asia-Pacific, according to the fifth UPS Asia Business Monitor.

The survey questioned 1,200 decision makers working within SMEs from 12 Asia-Pacific markets in January and February.

Some 87 per cent of the 100 Singapore SMEs probed felt that there would be a decline in economic growth this year, compared with 65 per cent regionally.

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