Economists mildly more upbeat on Singapore economy's growth in 2013: MAS survey
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Shipping containers are moved and stacked at the port of Singapore, on Wednesday, Oct 13, 2010. Private sector economists have become slightly more upbeat about the Singapore economy's prospects this year, predicting mildly brighter growth and lower core inflation. -- FILE PHOTO: BLOOMBERG
PRIVATE sector economists have become slightly more upbeat about the Singapore economy's prospects this year, predicting mildly brighter growth and lower core inflation.
They now expect the local economy to grow 2.8 per cent this year, according to a Monetary Authority of Singapore survey released today, marginally higher than the previous 2.7 per cent forecast last December.
This is near the upper band of the Government's forecast of 1 per cent to 3 per cent growth for 2013.
However, the economists have downgraded their first-quarter growth forecast to 0.8 per cent from 1.2 per cent tipped previously.
