Singapore economy gets growth outlook boost


  • Business Premium
  • Thursday, 05 Sep 2013

SINGAPORE: Singapore’s economy is expected to grow 2.9% this year, a central bank survey of economists showed, near the middle of the government’s forecast range of 2.5% to 3.5%, boosted by financial services and the retail sector.

The Monetary Authority of Singapore’s (MAS) latest quarterly Survey of Professional Forecasters released yesterday also found that economists now expect the city-state’s consumer price index (CPI) to rise by 2.5% this year, below the median estimate of a 2.8% gain in the previous poll.

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Business , singapore , MAS

   

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