This comes after the Singapore economy expanded by just0.5% y-o-y in 2Q2023, below respondents’ median forecast of 1.5% in the previous survey.
Singapore’s gross domestic product (GDP) is now estimated to expand by 1.0% in 2023, according to the Monetary Authority of Singapore’s (MAS) September survey of professional forecasters.
The latest estimate stands lower than the previous forecast of 1.4% in the previous survey earlier this year in June.
