Economists trim Singapore’s 2015 growth forecasts in latest MAS poll

Growth in Q4 will also be weaker than expected.

The local economy is forecast to expand by 3% in 2014 and 3.1% in 2015, according to the Monetary Authority of Singapore’s Survey of Professional Forecasters which was released today.

MAS notes that the most likely outcome is for the Singapore economy to grow by 2.0 to 2.9% next year, lower than the 3.0–3.9% range reported in the last survey.

For Q4 2014, the respondents expect GDP to expand by 2.3%. This is lower than the 3.1% forecast
in the previous survey.

The respondents expect the economy to grow by 3.0% in 2014, a decrease from the 3.3% median
forecast in the previous survey.

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