FORECASTERS are more optimistic about the Singapore economy than they were three months ago, according to the latest quarterly survey conducted by Singapore’s central bank.
The 19 private-sector economists and analysts who responded to the Monetary Authority of Singapore’s survey in August expect Singapore’s gross domestic product (GDP) to grow 2.9 per cent in 2013 – up from the 2.3 per cent median forecast in the June survey.
The government’s GDP growth forecast is at 2.5-3.5 per cent this year.
For the third quarter 2013, the respondents expect GDP to expand by 4 per cent – higher than the 3.5 per cent that was reported in the earlier survey.
Economists more optimistic about Singapore"s growth in 2013: MAS survey
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