Macroeconomic Forecast Singapore

Although Singapore's real GDP growth in Q210 is likely to maintain a strong trajectory, the same cannot be said for the second half of 2010. Indeed, we are projecting a slowdown in several of Singapore's key trading partners including China, the US and the eurozone over the coming months, and a concomitant decline in trade is to be expected. As such, while we are keeping Singapore's real GDP forecast at 7.0% in 2010, we are forecasting much weaker growth at 4.3% for 2011.

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