Private sector economists again lower Singapore's 2019 growth forecast: MAS survey

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Private sector economists again lower Singapore's 2019 growth forecast: MAS survey
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Private sector economists again lower Singapore's 2019 growth forecast: MAS_sg

PRIVATE-sector economists have lowered Singapore’s economic growth forecast for 2019 once again, easing slightly from an earlier prediction of 2.6 per cent in December.

A total of 23 private sector economists and analysts responded to the survey conducted in February 2019. As such, the easing of trade tensions was cited as the number one upside risk, followed by stronger growth in China and a pause in monetary tightening.Trade protectionism was listed as the top concern by respondents, even as the proportion of respondents who concur has slid from the earlier survey in December. A further slowdown in China was the next biggest worry, followed by higher interest rates.

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