Economy / Singapore
Macroeconomic Forecast Singapore
May 2008 | Macroeconomic ForecastsBMI 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.
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