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
June 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: The global economy looks set to be less supportive in the year ahead, which will result in a deceleration in the pace of trade-dependent Singapore's economic growth. Nevertheless, strong GDP data for the first three months of 2007 points to the economy's resilience, and have caused us to revise upward our year-end forecast to 5.8% from 5.2% earlier, compared with the 7.9% growth rate achieved in 2006. With consumer confidence still high, the effect of a goods and services tax should be minimal. In addition, there is plenty of room for depreciation in the Sing dollar's trading band