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...

Explore Related Contents

 
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
    0.225-0.045-16.67%
    N21.SI
    0.135+0.004+3.05%
    41F.SI
    0.191-0.007-3.54%
    40F.SI
    0.180.00-2.70%
    40E.SI
    0.1060.0000.00%
    5WA.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.28+87.50%
    AWC.SI
    0.48+0.17+54.84%
    BCD.SI
    0.35+0.08+29.63%
    BQO.SI
    0.515+0.065+14.44%
    T55.SI
    0.155+0.019+13.97%
    BKZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.225-0.045-16.67%
    N21.SI
    0.215-0.040-15.69%
    AWI.SI
    0.138-0.017-10.97%
    1C0.SI
    0.11-0.01-9.84%
    BRR.SI
    0.575-0.055-8.73%
    600.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4031-0.0044-0.32%
    USDSGD=X
    1.4849-0.004-0.27%
    EURSGD=X
    1.7503-0.0162-0.92%
    GBPSGD=X
    79.9380-0.124-0.15%
    SGDJPY=X
    5.5299+0.0191+0.35%
    SGDHKD=X
    3.1600-0.0026-0.08%
    SGDMYR=X
    9,533.9600+9.625+0.10%
    SGDIDR=X
    4.8922+0.0144+0.30%
    SGDCNY=X
    1.0781-0.0074-0.68%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,258.40+7.00+0.56%
    GCJ17.CMX
    18.38+0.26+1.45%
    SIH17.CMX
    89.91+0.30+0.33%
    ^XAU
    2.70+0.04+1.37%
    HGK17.CMX
    54.11-0.34-0.62%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.82-0.06
    ^FVX
    2.33-0.06
    ^TNX
    2.97-0.06
    ^TYX