Experts trim Singapore’s growth outlook after weaker-than expected Q3 data

Full-year growth is pegged at 1.9%.

Experts expect Singapore's economy to grow by 1.9% for 2015 as a whole, according to the Monetary Authority of Singapore's (MAS) latest Survey of Professional Forecasters.

This is lower than the 2.2% forecast in the previous survey. Forecasts were downgraded after the Singapore economy by 1.9% in Q3, lower than the median forecast of 2.1% in the September survey.

The most likely outcome is for the Singapore economy to grow by between 1.0–1.9% this year, lower than the 2.0–2.9% reported in the September survey.

For the final quarter of the year, respondents expect GDP to expand by 1.4%. This is lower than the 2.3% forecast in the previous survey.

Meanwhile, the median CPI-All Items inflation forecast for 2015 dropped to −0.5%, from −0.2% in the September survey.

For Q4, CPI-All Items inflation is projected at −0.5%. The respondents expect MAS Core Inflation to be 0.5% in 2015, unchanged from the previous survey.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit