Staff Reporter
,
Singapore
Pessimism lingers among manufacturers despite GDP showing strength.
According to MayBank, Singapore’s GDP growth has been lagging the general business expectations for the manufacturing index.
T
The index has been negative for two quarters now (-10 in 3Q11 and -11 in 4Q11), portending slower growth ahead. The official GDP growth forecast for 2012 is currently 1-3%, and the primary risk at
this stage is of economic growth undershooting expectations.
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