Singapore's 2021 GDP growth outlook looks much better now, say professional forecasters


SINGAPORE, June 14 (Xinhua): The Monetary Authority of Singapore (MAS) announced in a report on Monday that economists and analysts polled in the Survey of Professional Forecasters expect Singapore's Gross Domestic Product (GDP) to grow by 6.5 per cent in 2021, up from 5.8 per cent in the previous survey released in March.

In the current survey, the respondents expect the economy to grow by 15 percent year on year in the second quarter of 2021.

As for inflation, the respondents forecast that Singapore's Consumer Price Index for all items (CPI-All Items) would grow by 1.4 per cent in 2021, and the MAS core inflation, which excludes the costs of accommodation and private road transport, would come in at 0.8 percent.

The economists and analysts forecast that Singapore's GDP would grow by 4 percent in 2022, when both the CPI-All Items inflation and the MAS core inflation are forecast to come in at 1.2 per cent.

The MAS said this month's survey report reflects the views received from 24 respondents and does not represent MAS' views or forecasts. - Xinhua
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Singapore , GDP , Growth , Very Good , Steady , Experts

   

Next In Aseanplus News

Asean News Headlines at 10pm on Sunday (Aug 1)
Singapore reports another 113 local Covid-19 cases as 10 more clusters confirmed on Sunday (Aug 1)
Indonesia reports 20.67 million people have received two shots of vaccines; 30,738 new Covid-19 cases, on Sunday (Aug 1)
Thailand: Tighter curbs extended; staggering 18,027 Covid-19 cases on Sunday (Aug 1); total now above 600,000
Philippines reports 8,000-over Covid-19 cases for three straight days; death toll exceeds 28,000
Vietnam reports 8,620 new Covid-19 cases, 154,306 in total; southern region lockdown extended by two weeks
Shoppers welcome enhanced Covid-19 safety measures at Singapore markets, hawker centres
‘New elections in two years’
The dark side of social media
Cambodia begins vaccinations for teens

Stories You'll Enjoy


Vouchers