Published:
GDP growth will rebound to 3.5% in 2013: IMF
Sharp growth recovery expected as Singapore largely ignores Eureopean bank deleveraging.
According to OCBC, the International Monetary Fund expects Singapore 2012 GDP growth to be below 3% (OCBC expectation: 2.3%) this year but to accelerate to 3.5% next year in line with our expectations.
They noted that while the weaker global demand would weigh on near-term growth potential, there is plenty of policy room for Singapore, and deleveraging by European banks has not affected Singapore too significantly but requires close monitoring going forward.
Read Here
Advertise
Sign Up
