Singapore to struggle with one of the highest inflation rates in Southeast Asia
Singapore will be home to the weakest growth, says DBS.
Here's more from DBS:
In addition, this year is proving to be a difficult year for the economy and a tricky one for policy makers. In contrast to past years, Singapore will be home to the weakest growth and one of the highest inflation rates in Southeast Asia. More specifically, Singapore is struggling with stagflation.
Against this background, there is scope for the MAS to shift to a more accommodative monetary stance when it meets in October. As the US continues to slow and the EU crisis remains anything but resolved, the odds of such action are on the rise.