Singapore’s 2014 Growth Forecast Cut To 3.8%

Private-sector economists have become slightly more cautious about Singapore’s growth this year, according to the latest Monetary Authority of Singapore survey released on Wednesday.

The experts now expect the economy to expand by 3.8 per cent this year, a tad lower than the 3.9 per cent previously tipped in a December poll.

The survey was sent to 26 economists on Feb 20, and 22 responses were received.

Inflation expectations were also mostly unchanged. The economists projected overall inflation for this year to reach 2.8 per cent, the same as the previous poll.

Straits Times

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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu