Economy / Singapore
If you would like to subscribe to South East Asia Monitor Vol 2 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 2 please click on the trial link below.
Macroeconomic Forecast Singapore
April 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to South East Asia Monitor Vol 2 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 2 please click on the trial link below.
BMI View: Record tourist arrivals and a decline in the unemployment rate provided a significant boost to consumer spending in the economy, which helped support growth in 2006. While current global economic conditions have managed to remain healthy (Q4 growth in the US was an annualised 3.5%) - positive news for Singapore's export industry - in our view, the impending downturn in the tech cycle will be enough to ensure that growth in 2007 will moderate. Consequently, we project a growth rate of 5.2% in the year ahead, which fits within the government's upwardly revised 4.5-6.5%