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