Singapore professionals expect economy to grow 3.8% in 2013

What could this imply?

According to MAS' survey of professional forecasters, the Singapore economy expanded by 5.8% in Q3 2013 compared with the same period last year. This was higher than the median forecast of 4.0% reported in the Sep 2013 Survey.

The respondents expect the economy to grow by 3.8% in 2013, an increase from the 2.9% median forecast in the previous survey.

Here's more:

The most likely outcome is for the Singapore economy to grow by between 3.0–3.9% this year, higher than the 2.0 to 2.9% projected in the previous survey. There was also a notable increase in the probability of GDP growth coming in at above 4.0% in 2013.

For Q4 2013, the respondents expect GDP to expand by 4.7%. This is higher than the 3.4% forecast in the previous survey.

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