Singapore authorities expect GDP growth this year to come in between 1.5 and 2.5 percent, down from 4.9 percent last year and below what they believe is the economy’s trend growth of 3-5 percent.
Inflation, meanwhile, is likely to slightly exceed the government’s most recent forecast of 4.0 to 4.5 percent for 2012, which is already much higher than the 2.5 to 3.5 percent outlook it gave at the start of the year.
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Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.