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
 
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 Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3536+0.0023+0.17%
    USDSGD=X
    1.5247-0.0023-0.15%
    EURSGD=X
    1.7909+0.0082+0.46%
    GBPSGD=X
    74.1290+0.02+0.03%
    SGDJPY=X
    5.7217-0.0138-0.24%
    SGDHKD=X
    2.9769+0.0011+0.04%
    SGDMYR=X
    9,783.0322-33.6719-0.34%
    SGDIDR=X
    4.9164+0.003+0.06%
    SGDCNY=X
    1.0309+0.002+0.19%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,327.30-18.80-1.40%
    GCZ16.CMX
    18.50-0.42-2.20%
    SIU16.CMX
    95.34-8.55-8.23%
    ^XAU
    2.08-0.03-1.63%
    HGU16.CMX
    46.80-1.30-2.70%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56+0.01
    ^TNX
    2.24+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1290.0000.00%
    N21.SI
    0.250.00-1.96%
    5ME.SI
    0.60+0.04+6.57%
    5TP.SI
    0.99-0.02-1.98%
    Y92.SI
    0.156+0.007+4.70%
    AFC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.06+22.45%
    T18.SI
    0.15+0.02+15.38%
    5TI.SI
    0.225+0.025+12.50%
    Y35.SI
    0.51+0.05+12.09%
    BHU.SI
    0.162+0.017+11.72%
    QS9.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.011-0.115-91.27%
    QF6.SI
    0.23-0.17-42.50%
    AWI.SI
    0.205-0.055-21.15%
    I06.SI
    0.45-0.10-18.18%
    BFK.SI
    0.385-0.085-18.09%
    E8Z.SI