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By Gabriel Chen
A DRAMATIC slump in last month's manufacturing output has forced economists to cut back their growth forecasts for the economy.
Production fell 21.9 per cent - far more than had been tipped by experts compared with July last year. It was also down 1.8 per cent from this June.
This has led economists to slash their gross domestic product (GDP) forecasts, with some tipping growth of as low as 3.3 per cent for the year when, a few months ago, figures of 5 per cent or more were being confidently put forward.
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