Economists cut Singapore growth forecasts, raise inflation: Survey

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Economists have cut growth forecasts and upped inflation expectations for Singapore, according to a central bank survey, published on Thursday (Sept 1), with a global slowdown seen as the biggest risk to the trade-sensitive city state. The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) is for Singapore's economy to grow 3.5 per cent this...

A view of the Brani, Keppel and Tanjong Pagar container terminals in Singapore on Aug 19, 2022.Economists have cut growth forecasts and upped inflation expectations for Singapore, according to a central bank survey, published on Thursday , with a global slowdown seen as the biggest risk to the trade-sensitive city state.

The median inflation forecast is for broad consumer prices to rise 5.7 per cent over 2022, up from five per cent predicted in June.

 

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