This graphs shows GDP growth outlook is tumbling down

Expansion will be just 1.8% by end-2012.

According to the latest MAS Survey of Professional Forecasters, the Singapore economy expanded by 0.3% in Q3 2012 compared with the same period last year. This was much lower than the median forecast of 2.3% reported in the Sep 2012 Survey.

Here's more from MAS:

The respondents expect the economy to grow by 1.5% in 2012, a significant downgrade from the 2.4% median forecast in the previous survey.

As reflected by the mean probability distribution, the most likely outcome is for the Singapore economy to grow by between 1.0 to 1.9% this year, lower than the 2.0 to 2.9% projected in the previous survey.

For Q4 2012, the respondents expect GDP to expand by 1.8%. This is lower than the 3.6% forecast in the previous survey.

For 2013, the respondents expect GDP growth to be 2.7%, while CPI-All Items and MAS Core Inflation are forecast to come in at 3.8% and 2.2% respectively. As reflected by the mean probability distribution, the most likely outcome is for the Singapore economy to grow by 2.0 to 2.9% next year, a downshift from the 3.0 to 3.9% in the last survey.



More From Singapore Business Review

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.165+0.001+0.61%
    N21.SI
    0.158-0.004-2.47%
    40E.SI
    0.995-0.030-2.93%
    G13.SI
    0.375+0.010+2.74%
    5ME.SI
    0.194+0.010+5.43%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.38+0.09+33.33%
    BEH.SI
    0.16+0.02+14.29%
    40N.SI
    0.25+0.03+13.64%
    5UA.SI
    0.205+0.019+10.22%
    BHO.SI
    0.435+0.040+10.13%
    B58.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.265-0.095-26.39%
    BCD.SI
    0.17-0.05-24.44%
    42S.SI
    0.10-0.02-18.03%
    42U.SI
    0.10-0.02-16.67%
    UQ7.SI
    0.098-0.012-10.91%
    L02.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4239+0.0071+0.50%
    USDSGD=X
    1.5110-0.0128-0.84%
    EURSGD=X
    1.7906+0.0029+0.16%
    GBPSGD=X
    80.1450-0.044-0.05%
    SGDJPY=X
    5.4452-0.0276-0.50%
    SGDHKD=X
    3.1052-0.0239-0.76%
    SGDMYR=X
    9,345.1035-94.9365-1.01%
    SGDIDR=X
    4.8292-0.0235-0.48%
    SGDCNY=X
    1.0607+0.0002+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.10-4.90-0.42%
    GCZ16.CMX
    17.04-0.16-0.95%
    SIZ16.CMX
    82.26-0.32-0.38%
    ^XAU
    2.62-0.02-0.72%
    HGZ16.CMX
    50.75+0.98+1.97%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.83+0.03
    ^FVX
    2.40+0.05
    ^TNX
    3.10+0.07
    ^TYX