Look at this measly economic growth Singaporeans expect

Forecast slipped 0.6ppt to 2.4%.

According to MAS Survey of Professional Forecasters - September 2012, the Singapore economy expanded by 2.0% in Q2 2012, which was lower than the median forecast of 2.8% reported in the June 2012 Survey.

Here's more from MAS:

The respondents expect the economy to grow by 2.4% in 2012, a downgrade from the 3.0% median forecast in the previous survey.

As reflected by the mean probability distribution, the most likely outcome is for the Singapore economy to grow by between 2.0-2.9% this year. Although this is unchanged from the last survey, there was an increase in the projected probability of outcomes below 3.0%.

For Q3 2012, the respondents expect GDP to expand by 2.3%. This is a downgrade from the 3.3% reported in the earlier survey.

For 2013, the respondents expect GDP growth to come in at 3.9%, while CPI-All Items and MAS Core Inflation are forecast to be 3.2% and 2.2% respectively. As reflected by the mean probability distribution, the most likely outcome is for the Singapore economy to grow by 3.0 to 3.9% next year. This compares with 4.0 to 4.9% in the last survey.

The September 2012 Survey was sent out on 10 Aug 2012 to a total of 26 economists and analysts who closely monitor the Singapore economy. This report reflects the views received from 22 respondents (a response rate of 85%) and does not represent MAS’ views or forecasts.

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