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GDP growth forecast
Singapore economy
Singapore expects to avoid recession this year
The MTI maintained its full-year GDP growth forecast of between 0.5% and 2.5%, with growth likely to come in around the midpoint.
May 25, 2023
Singapore economy
Recessionary risks still abound in increasingly 'two-sided economy': Analysts
Maybank economists have raised the probability of a recession over the next 12 months to 12% as of this month, from 9% in October.
November 23, 2022
Singapore economy
Economists keep growth forecasts unchanged following return to tighter measures but warn of downside risks
Economists have maintained their GDP forecasts pending further clarity on the Covid-19 situation.
July 21, 2021
Singapore economy
1Q2021 GDP growth a 'pleasant surprise', but further uncertainties abound
Given the growing uncertainty, economists are largely keeping their full-year 2021 forecasts intact for now.
May 28, 2021
Singapore economy
Singapore's 1Q21 GDP 'pleasant surprise'; economists mostly keep 2021 GDP growth forecast between 5.5% to 8%
Economics professor Jamus Lim says he is "quietly optimistic that" FY2021 GDP will fall on the upper end of the 4-6% range.
May 25, 2021
Covid-19
Return to Phase 2 measures unlikely to impact Singapore's GDP growth for 2021; K-shaped recovery expected: UOB
UOB economist Barnabas Gan's remarks come as social restriction measures are tightened from May 8 to 30.
May 05, 2021
Broker's Calls
Analysts upbeat on Singapore recovery, while predicting a slowdown in growth momentum in 4Q
The economists have mainly maintained their GDP forecasts for the FY2020 and FY2021.
November 25, 2020
Singapore economy
September cheer for manufacturers but MAS warns of slow, uneven recovery
What’s ahead for Singapore’s economy?
October 30, 2020
China Focus
China to abandon numerical GDP target on 'great uncertainty'
The shifting away from a hard target for output growth breaks with decades of Communist Party planning habits and is an admission of the deep rupture that the disease has caused in the world’s second-largest economy.
May 22, 2020
Markets
IMF cuts growth forecast but MAS expects recovery; Kimly buys canteens
SINGAPORE (Oct 28): The International Monetary Fund has slashed its 2019 growth prediction for Singapore to 0.5%, down from its July estimate of 2%. This is IMF’s second downward revision for the city state; in its World Economic Outlook report in April
October 25, 2019