SINGAPORE: Private sector economists have cut their forecast for Singapore's economic growth this year to 1.4 per cent, down from their March projection of 1.9 per cent. The findings from the latest survey of professional forecasters were released by the Monetary Authority of Singapore (MAS) on Wednesday (
SINGAPORE: Private sector economists have cut their forecast for Singapore's economic growth this year to 1.4 per cent, down from their March projection of 1.9 per cent.
Spillovers from an external growth slowdown emerged as the most cited downside risk to domestic outlook, as identified by 61 per cent of the 24 respondents. It was also most frequently ranked as the top downside risk. About 71 per cent of respondents cited more robust growth in China – underpinned by economic reopening and macroeconomic policy easing – as the biggest upside risk to Singapore's growth outlook.Singapore's Ministry of Trade and Industry in May maintained its 2023 growth forecast at, with growth likely to “come in at around the mid-point” of this range.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 best places in Singapore to get your rice dumplings (bak chang) for Dragonboat Festival 2023Are you a traditionalist or modernist with rice dumplings? Here are the best bak chang options from Singapore to whet your appetite!
Read more »
13 most fashionable raffia and straw bags to buy in Singapore in 2023This summer, the beloved raffia and straw bags are returning with a bang. Shop these styles now.
Read more »
Lion City Sailors launching Tasek Sailors to empower disadvantaged youth in Singapore - Singapore NewsA portion of funds raised from the Tasek Sailors Charity Football Fundraiser will also be dedicated to the Tasek Sailors’ girls' team, which will benefit from the Lion City Sailors’ professional youth training programme
Read more »
UBS, Credit Suisse operations in Singapore will not be interrupted by completion of takeover: MASThe two banks will continue to operate in Singapore under separate licences, says MAS.
Read more »
New HIV infections among Singapore residents fall to lowest level since 1998SINGAPORE — A total of 202 new human immunodeficiency virus (HIV) cases were reported among Singapore residents last year, according to data released by the Ministry of Health (MOH) in June 2023.
Read more »
4 unique and hilarious ways to celebrate your dad on Father's Day 2023From touching songs to witty gifts, explore the unique Father's Day celebrations that honour the incredible role dads play in our lives.
Read more »