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CIMB keeps Singapore GDP growth forecast at 2.0%, says further MAS easing unlikely this year

Jude Chan Published on Thu, May 26, 2016 / 1:02 PM GMT+8

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SINGAPORE (May 26): Singapore’s “resilient” manufacturing sector should recover from the sharp contraction last year and provide modest boost to growth, says CIMB, maintaining its GDP growth forecast in 2016 at 2.0%.

Singapore’s Ministry of Trade and Industry (MTI) on Wednesday released its GDP growth forecast of 1.0 to 3.0%.

(See: “Singapore economy grew by 1.8% on-year in 1Q; 2016 GDP growth forecast kept at 1.0-3.0%”)

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