MAS forecasts 1-3% GDP growth for rest of the year; warns of geopolitical risks

SINGAPORE (June 29): Singapore’s economy is expected to continue growing at 1-3% for the remainder of the year.

This is according to the Monetary Authority of Singapore (MAS), Singapore’s central bank, which today released its annual report for 2016/17 where it extensively detailed its achievements over the past year as well as expectations for the city state’s economy moving forward.

MAS says it will continue to closely survey the gathering momentum in global manufacturing and trade as well as the positive spillover effects on domestic income and spending – in addition to the unevenness in performance among the domestic corporates.

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