Domestic economy expected to grow 1.8% as experts trim forecasts yet again

Headline inflation is expected to stay negative.

Economists and analysts have trimmed the economy's full-year growth prospects to 1.8% in Monetary Authority of Singapore's latest survey of professional forecasters. This result is slightly below the 1.9% reported in the previous survey.

Experts have also trimmed their consumer price index forecasts to -0.4% from -0.2% in the previous survey. Loan growth is also expected to drop to -0.2%, from 1.0% in the previous survey.

For the second quarter, respondents expect GDP to grow by 2.0%.

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