Private-sector economists are a little less optimistic about Singapore’s economic growth this year than they were three months ago. According to the latest quarterly survey of 21 professional forecasters by the Monetary Authority of Singapore, they expect full year growth to come in lower at 5.5 per cent. The new forecast is a slight downgrade from the 5.6 per cent estimate in the last survey in March....
Singapore Economy Outlook 2008
Singapore’s economy is expected to see a rebound in the first quarter. Economists are forecasting GDP to expand by some 6.8% on year, swinging up from the 4.8% decline in the previous three months. They said the boost will come from a rebound in the pharmaceutical and electronics manufacturing sector. But going foreward, they expect growth numbers to go downhill. The construction sector is one of the...
The Singapore economy probably rebounded in the first quarter, escaping a technical recession. A Today strawpoll of seven private sector economists shows all those surveyed expect the Government to announce positive GDP growth, when it unveils flash GDP estimates for the first quarter tomorrow. “But the question is: is there a sustainable demand in the pipeline?” said Mr Vishnu Varathan, an economist...