The Straits Times
Published on Dec 12, 2012

Singapore to grow 1.5 per cent this year, says MAS poll


Private economists here have slashed their forecast growth for the Singapore economy this year to 1.5 per cent, down from a median 2.4 per cent previously.

The downbeat finding came in a Monetary Authority of Singapore (MAS) quarterly survey of local economists.

It also mirrored the Ministry of Trade and Industry's latest estimate for 2012 growth at about 1.5 per cent.

The respondents had already been off the mark with their third quarter median prediction of 2.3 per cent growth. The economy grew by just 0.3 per cent in the quarter ended Sept 30.