Experts trim Singapore’s growth outlook after weaker-than expected Q3 data

Full-year growth is pegged at 1.9%.

Experts expect Singapore's economy to grow by 1.9% for 2015 as a whole, according to the Monetary Authority of Singapore's (MAS) latest Survey of Professional Forecasters.

This is lower than the 2.2% forecast in the previous survey. Forecasts were downgraded after the Singapore economy by 1.9% in Q3, lower than the median forecast of 2.1% in the September survey.

The most likely outcome is for the Singapore economy to grow by between 1.0–1.9% this year, lower than the 2.0–2.9% reported in the September survey.

For the final quarter of the year, respondents expect GDP to expand by 1.4%. This is lower than the 2.3% forecast in the previous survey.

Meanwhile, the median CPI-All Items inflation forecast for 2015 dropped to −0.5%, from −0.2% in the September survey.

For Q4, CPI-All Items inflation is projected at −0.5%. The respondents expect MAS Core Inflation to be 0.5% in 2015, unchanged from the previous survey.

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