SINGAPORE: Singapore's trade-dependent economy is likely to expand at a slower pace this year while inflation will probably be higher than what economists were expecting three months ago, according to a central bank survey released yesterday.
Economists now expect the South-East Asian city state's gross domestic product to grow 2.4% this year, down from a median estimate of 3% in the previous poll, the Monetary Authority of Singapore's (MAS) latest quarterly Survey of Professional Forecasters showed.
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