Economists lower Singapore growth forecasts to 2.8 percent
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).
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
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