THE M3: S'PORE GDP FORECAST

The Macau Metro Monitor, June 13, 2012


S'PORE ECONOMY MAY GROW 3% THIS YEAR:  MAS SURVEY Channel News Asia

According to the latest Monetary Authority of Singapore (MAS) survey of 25 professional economists, the Singapore economy will grow 3% in 2012, up from 2.5% previously.  Growth in the accommodation and food services sector was revised from 3.8% to 4.5%.  The economists also upgraded 2Q GDP growth from 2.5% to 2.8%.  S'pore inflation is expected at 4.2%, up from 3.5% in the previous survey.