Macroeconomic Forecast Singapore

We hold a sanguine outlook for Singapore's balance of payment position in 2010, barring any unforeseen deterioration in global economic conditions or a sudden spike in risk aversion. We currently expect both imports and exports to grow by 12% in 2010, leading to a wider trade surplus of US$34.7bn, from a projected US$30.7bn in 2009. For the current account, we expect the current account surplus to increase from US$28.4bn in 2009 to US$34.2bn in 2010. For the capital account, we continue to expect inflows to exceed outflows amid a continued economic recovery over the coming quarters.

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