SINGAPORE: The Singapore economy is officially expected to grow 2-4 per cent this year: the exact same forecast as a year ago for 2014. But this range could mean either a pick-up in growth or further slowdown in 2015 - and it's anyone's guess given the diverse range of risks to growth, both domestic and external.
Advance estimates last Friday put Singapore's 2014 growth at 2.8 per cent - in the lower half of the government's forecast range and significantly slower than 2013's 3.9 per cent. For now, market economists expect some improvement in 2015, with a median forecast of 3.2 per cent growth this year.