Macroeconomic Forecast SingaporeAugust 2004 | Macroeconomic Forecasts
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Singapore's economic outlook is getting brighter - at least for this year. Next year will be different. Global demand for the city-state's key exports of computer components and technology goods will fade as the biggest consumer of these goods, the US, moves into a downward phase of its investment cycle. Demand from China will cool as the Chinese authorities attempt to rein in their runaway economy, and partly as a result, the pace of job creation in Singapore will decelerate. Real GDP is likely to rise 3.9% in 2005.