Macroeconomic Forecast Singapore

BMI View: The global economy looks set to be less supportive in the year ahead, which will result in a deceleration in the pace of trade-dependent Singapore's economic growth. Nevertheless, strong GDP data for the first three months of 2007 points to the economy's resilience, leading to our year-end forecast to 5.8%, compared with the 7.9% growth rate achieved in 2006.

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