Economists raise Singapore growth forecast for 2017: MAS survey

SINGAPORE (March 15): Economists have raised their forecasts for Singapore’s gross domestic product (GDP) growth in 2017, according to a survey by the Monetary Authority of Singapore (MAS) unveiled on Wednesday.

The median forecast of 23 economists surveyed in mid-February pointed to a 2.3% GDP growth this year. This is an improvement from the 1.5% growth forecasted in the previous MAS survey published in December.

Singapore’s economy recorded GDP growth of 2.0% in 2016.

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