Macroeconomic Forecast Singapore

BMI View: We are forecasting real GDP growth to slow to 5.9% in 2008 from 7.7% in 2007, owing to deteriorating economic conditions in Singapore's main trading partners. In addition, we have raised our 2008 average inflation forecast to 5.5% from 3.8% previously, as we do not expect the high inflation seen in Q108 to moderate significantly any time soon.

To read the full article, please choose one of the following options: