Markets Insights

All eyes on Singapore's economic prospects

According to RHB Securities, semiconductor production growth is likely to ease from the previous quarters' double-digit levels, amid a cyclical slackening in smartphone demand, "although it would be supported by higher production of radio frequency c
According to RHB Securities, semiconductor production growth is likely to ease from the previous quarters' double-digit levels, amid a cyclical slackening in smartphone demand, "although it would be supported by higher production of radio frequency chips and testing activities".PHOTO: REUTERS

Concerns remain over rising inflation and possible semiconductor slump

Economic prospects are looming over the markets, as traders head out of April and into May.

The Singapore central bank's half-yearly review has reiterated that full-year gross domestic product growth is expected to come in "slightly above the middle of the forecast range" - that is, 1.5 per cent to 3.5 per cent - while March factory output numbers showed a year-on-year rise of 5.9 per cent, slightly higher than predictions but lower than the revised February growth figure of 6.7 per cent.

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A version of this article appeared in the print edition of The Straits Times on April 30, 2018, with the headline 'All eyes on Singapore's economic prospects'. Print Edition | Subscribe