SINGAPORE (Reuters) -Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in the second quarter, with weak global demand a key drag on its trade-reliant economy. Industrial output and exports have fallen for nine straight months, raising the risk of a prolonged downturn, but a trade ministry official told a press conference a technical recession - two consecutive quarters of contraction - was not expected this year. On an annual basis, the economy expanded 0.5%, compared with the advance estimate of 0.7% and first quarter growth of 0.4%, the Mi...