27 Oct '11, 4am

Singapore's economic growth to stall over the next few quarters, MAS says

Singapore's economic growth will stall over the next few quarters before seeing a modest recovery late into 2012, the Monetary Authority of Singapore said. -- THE BUSINESS TIMES PHOTO: ARTHUR LEE CH By Robin Chan Singapore's economic growth will stall over the next few quarters before seeing a modest recovery late into 2012, the Monetary Authority of Singapore (MAS) said on Thursday. Continued uncertainty in economic activity as well as financial volatility will be a drag on growth, affecting both the domestic electronics sector and financial and tourism-related services, the central bank said in its twice-yearly macroeconomic review. These factors have raised the possibility that Singapore could only grow below its potential growth rate of between 3 and 5 per cent, the MAS said. It added: 'The Singapore economy is expected to grow at below potential in 2012, due in part t...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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