Forecasters lower Singapore's GDP growth prospect for 2019 to 2.1 pct

0 Comment(s)Print E-mail Xinhua, June 12, 2019
Adjust font size:

SINGAPORE, June 12 (Xinhua) -- The Monetary Authority of Singapore (MAS) announced in a report on Wednesday that economists and analysts polled in the survey of professional forecasters expect Singapore's 2019 economic growth to come in at 2.1 percent.

That is lower than their previous forecast of 2.5 percent economic growth for 2019, which is showed in the survey report that the MAS released this March.

In a breakdown, the respondents expect Singapore's economy to grow by 1.6 percent, 2.2 percent and 2.9 percent, respectively, for the second, third and fourth quarter of this year.

As for inflation, they forecast that Singapore's Consumer Price Index (CPI) would grow by 0.9 percent in 2019, and the MAS Core Inflation, which excludes the costs of accommodation and private road transport, would hit 1.4 percent.

The economists and analysts also lowered Singapore's 2020 economic growth forecast from 2.4 percent to 2.3 percent, according to the latest survey report.

The MAS said this month's survey report reflects the views received from 22 respondents and does not represent MAS' views or forecasts. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter