Singapore to enjoy stable and steady growth picture for 2018: OCBC

SINGAPORE (Dec 20): OCBC is projecting for Singapore’s full year gross domestic product (GDP) to grow by 2-4% in 2018 – a slightly more sanguine estimation compared to the anticipated 3.4% y-o-y growth for this year, amid the broadening domestic growth drivers beyond manufacturing. 

See: Singapore raises full-year GDP growth to 3-3.5% after 3Q beat

In its OCBC Global Outlook 2018 report published Tuesday, the bank predicts that manufacturing momentum could taper going forward given the less favourable base effects, following a stellar performance in the year to date (YTD).

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