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Singapore's growth this year could be at lower end of forecast: DBS CEO

Published on Jan 14, 2013 2:09 PM
 
DBS Group Holdings chief executive Piyush Gupta remains optimistic about 2013, but added that Singapore's growth could come in at the lower end of the official forecast of 1 to 3 per cent. -- ST PHOTO : LAU FOOK KONG

DBS Group Holdings chief executive Piyush Gupta remains optimistic about 2013, but added that Singapore's growth could come in at the lower end of the official forecast of 1 to 3 per cent.

He explained that the government faces the dilemmas of managing growth versus inflation and growth versus social stability.

Mr Gupta added that the government has sent a clear message that it will forego growth as part of the trade-off.

He was speaking at a client event for DBS Private Bank at the Ritz Carlton Millenia.