14 Dec '11, 5am

Singapore's economy may grow 3% in 2012: MAS survey

SINGAPORE: Private sector forecasters expect Singapore's economy to grow by 3 per cent in 2012. This is according to the median forecast in the Monetary Authority of Singapore's December survey of Professional Forecasters. The most likely outcome, as reflected by the mean probability forecast, is for growth of between 3 per cent and 3.9 percent. That is down from the September survey range of 5.0 per cent to 5.9 per cent. The outlook is slightly more bullish than the official growth forecast issued by the Ministry of Trade and Industry (MTI) of between 1 and 3 per cent for 2012. Private sector economists expect first quarter 2012 year-on-year growth to be zero per cent, before picking up for the rest of the year (Q2: 3 per cent, Q3: 3.6 per cent, Q4: 4.8 per cent) Overall, a moderation in growth is forecast across all sectors next year, with the sharpest adjustment in the ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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