Economists raise 2017 Singapore growth forecast: MAS survey

SINGAPORE (June 14): Economists raised their forecasts for Singapore's growth this year, compared to three months ago, as they upgraded their views on manufacturing and bank lending, a central bank survey showed on Wednesday.

The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) was for gross domestic product (GDP) to grow 2.5% in 2017, up from the 2.3% estimated in the previous survey, published in March.

That would mark a pick-up from 2.0% growth in 2016, and would be at the upper end of the government's forecast range.

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