A June forecast survey by the Monetary Authority of Singapore (MAS) garnered an overall sentiment from 20 respondents that Singapore’s gross domestic product (GDP) is expected to expand by 1.7% this year, falling below the previous survey estimate of 2.6%. The survey was sent out to 25 economists and analysts on May 22.
The more bearish expectation comes off the back of a broad-based lowering of estimates across the board, particularly in the manufacturing sector.
