SINGAPORE'S economic forecasters have tempered both their growth and inflation expectations for 2015, according to a Monetary Authority of Singapore (MAS) quarterly survey released on Wednesday.
They now expect the economy to grow by just 2.2 per cent this year - down from the 2.7 per cent projected a quarter ago. They are also more pessimistic on the outlook for the manufacturing and construction sectors, and most services clusters.
Headline and core inflation are expected to come in at -0.2 per cent and 0.5 per cent respectively in 2015 - a fall from the 0 per cent and one per cent forecast in the previous survey.
Core inflation excludes the costs of accommodation and private road transport.
Source: Business Times 2nd September 2015