Economists have reduced the forecasted 2015 growth of Singapore to 2.8 percent from the previous 3.1 percent prediction due to weakened performance from the production and construction sectors, according to a recent survey by the Monetary Authority of Singapore (MAS).
The Singaporean government lowered its expected GDP by 0.5 percent to 2 percent within the first quarter.
Meanwhile, the MAS projected this year’s inflation to hit 0.1 percent, a significant decrease from earlier estimates of 1.1 percent.
In 2016, experts predict Singapore’s gross domestic growth will reach 3.1 percent.-VNA
The Singaporean government lowered its expected GDP by 0.5 percent to 2 percent within the first quarter.
Meanwhile, the MAS projected this year’s inflation to hit 0.1 percent, a significant decrease from earlier estimates of 1.1 percent.
In 2016, experts predict Singapore’s gross domestic growth will reach 3.1 percent.-VNA
