Market Review and Trends
Economists Lower Singapore Growth and Inflation Projections for 2015: MAS Survey
By The Fifth Person  •  September 3, 2015
SINGAPORE: Private-sector economists are less sanguine about the growth outlook for Singapore’s economy this year, and have moderated their expectations for several sectors, a quarterly survey released by the Monetary Authority of Singapore on Wednesday shows. The economists polled in the survey say they expect the economy to grow 2.2% this year, down from their median forecast of 2.7% in the previous survey in June. The economy grew 1.85 in 2Q 2015. The manufacturing sector is expected to see a contraction of 2.7% this year, down from the 0.5% forecast in the previous survey. The finance and insurance industry is expected to grow 6.6%, down from 7%, while the construction sector is expected to grow 2.3%, down from 3.3%. The accommodation and food services sector is expected to contract 0.1%, compared with a growth forecast of 1 per cent. However, the forecast ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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