16.03.2012
Singapore's economy is expected to grow by 2.5 per cent this year, according to a survey of 25 economists and analysts by the Monetary Authority of Singapore (MAS).
They have downgraded their growth projection from the 3 per cent median forecast in December 2011 survey.
Compared against December's survey, the economists have also trimmed their growth projection for manufacturing, financial services, construction, as well as the accommodation and food services sectors.
For 2013, the forecasters predict that the Singapore economy will expand by 4.5 per cent.
Meanwhile, the economists expect inflation to come in at 3.5 per cent this year, up from the 3.1 per cent forecast in the earlier survey.
Unemployment rate is expected to be 2.3 per cent by year-end, slightly lower than the 2.4 per cent projection in December 2011.
They have downgraded their growth projection from the 3 per cent median forecast in December 2011 survey.
Compared against December's survey, the economists have also trimmed their growth projection for manufacturing, financial services, construction, as well as the accommodation and food services sectors.
For 2013, the forecasters predict that the Singapore economy will expand by 4.5 per cent.
Meanwhile, the economists expect inflation to come in at 3.5 per cent this year, up from the 3.1 per cent forecast in the earlier survey.
Unemployment rate is expected to be 2.3 per cent by year-end, slightly lower than the 2.4 per cent projection in December 2011.
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