Trade protectionism, China economy seen as increasingly risky to Singapore's GDP growth

SINGAPORE (Sept 5): The Singapore economy is forecast to expand by 3.2% this year before growth eases to 2.7% in 2019, according to the latest survey of economists and analysts conducted by the Monetary Authority of Singapore (MAS).

Both full-year forecasts remain unchanged from the previous month’s survey, whose mean probability distribution reflected that the most likely outcome is for Singapore’s gross domestic product (GDP) to grow between 3-3.4% this year and within the range of 2.5-2.9% in the next year.

This comes after Singapore’s GDP expanded by 3.9% in 2Q18 compared with the same period last year, similar to the median forecast reported in MAS’s June survey.

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