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 an upward revision of our year-end forecast to 6.5%, from 5.8% previously, and compared with the 7.9% growth rate achieved in 2006. With consumer confidence still high, the effect of a recently introduced goods and services tax should be minimal. In addition, there is plenty of room for depreciation in the Sing dollar's

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