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While StanChart expects Singapore's expansion to cool to 2.6% next year, ANZ sees GDP growing as much as 3%
Singapore local housing market could still support Singapore's growth in 2019, despite the curbs unveiled this year, bank analysts said this week.
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.
