Economists more optimistic on Singapore's growth: MAS survey
Private sector economists have become more bullish in their outlook for the Singapore economy this year, predicting more robust growth and milder inflation.
They now expect the local economy to grow 3.8 per cent this year, according to an Monetary Authority of Singapore survey released on Wednesday, marginally higher than the previous 2.9 per cent forecast in September.
This is in the middle of the Government's forecast of 3.5 per cent to 4 per cent growth for 2013. The official projection was upgraded last month, raised from the 2.5 per cent to 3.5 per cent tipped previously.
The 21 respondents polled also expect inflation to come in at 2.4 per cent for this year, down from the 2.5 per cent predicted in the previous survey.