Singapore's economy will grow 5.7 percent in the first quarter from a year ago, picking up slightly from a 5.4 percent expansion in the fourth quarter, a central bank survey showed on Monday. However, growth in the full year will slow from last year’s pace of 7.7 percent to 5.6 percent, the Monetary Authority of Singapore's (MAS) quarterly survey of 19 economists showed. In a statement, MAS added that...
Singapore GDP
Citigroup has revised down Singapore's economic growth forecast this year to 5.6 percent from 6.2 percent, amid market uncertainty. However, the lender said it is confident about strong growth in emerging Asian markets for 2008. Citigroup is also predicting that equities will be the asset class of choice. With the volatile market, Citigroup is also advising investors to keep a close eye on telecom, banks...