Quantcast
Channel: AsiaOne
Viewing all articles
Browse latest Browse all 8682

3.3% growth in Q2

$
0
0

Economists are more upbeat about Singapore's second-quarter economic growth than they were earlier in the year, according to a survey conducted by the Monetary Authority of Singapore.

The survey, which polled 26 private sector analysts on their forecasts, showed that economists expect the Singapore economy to grow 3.3 per cent in the three months to June, over the same period last year.

This is up from the 3 per cent growth forecast in a similar survey conducted in March.

Inflation expectations for the full year have also moderated in the latest survey, whose findings were released on June 10.

Respondents say consumer prices are likely to go up 2.2 per cent this year, down from an earlier estimate of 2.8 per cent.

Inflation in the second quarter is likely to come in at 2.6 per cent, the poll showed.

Analysts expect full-year growth to come in at 3.8 per cent. This was unchanged from their forecasts in March.


Get a copy of tabla! for more stories.


Viewing all articles
Browse latest Browse all 8682

Trending Articles