Macroeconomic Forecast Singapore

Singapore's economy will continue to lose momentum in H206 as the global economy moderates. The US has already showed signs of weakening and if the slowdown its housing market continues, its consumers will need to rein spending further. Global electronics demand also appears to have peaked, which given that electronics make up about 50% of domestic non-oil exports, represents a considerable risk for Singapore's trade dependent economy. Robust domestic demand and the strong H106 performance, means, however, that we still expect growth of 6.7% this year, up from 6.4% in

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