08 Jun '11, 5am

Singapore economy seen growing 6.2% in 2011 (via ST iPhone App)

Singapore economy seen growing 6.2% in 2011 (via ST iPhone App)

The revised growth will likely be led by manufacturing and financial services, according to the survey. -- ST PHOTO: AIDAH RAUF ECONOMISTS have flagged rising inflation as a possible cause of concern, after they upgraded their forecasts for inflation this year. They also upgraded Singapore's growth forecasts for this year, mainly due to the strong performance in the first three months of this year, a survey of 21 economists by the Monetary Authority of Singapore showed. The survey also showed that the median forecast of economists for inflation is 4.1 per cent, a notch higher than the 4 per cent they predicted back in March and the Government's own forecast of between 3 per cent to 4 per cent. Growth should come in at about 6.2 per cent, the poll of economists showed, within the Government's own 5 per cent to 7 per cent range. The upgrades are not surprising given that the...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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