SINGAPORE: Private-sector economists have maintained their growth forecast for the Singapore economy this year at 3.2 per cent though downside risks including trade protectionism continued to loom large, the latest quarterly survey from the Monetary Authority of Singapore (MAS) showed on Wednesday (Sep 5).
This forecast falls within the Government’s estimates for full-year gross domestic product (GDP) to come in between 2.5 and 3.5 per cent. Official data released last month showed second-quarter GDP coming in at a slightly better-than-expected 3.9 per cent from a year ago.
Tagged in:
Chinese central bank cutting reserve requirements
Contraction in construction sector
Growth in accomodation and food services
Growth in real wages
Improvement in labour market
Looking ahead GDP growth 2.7%
Maintain forecast in insurance and finance
Private consumption expenditure
Singapore Gross Domestic Product GDP
Slower growth in China market
Trade protectionalism
Upside in manufacturing sector
US and China trade war