Singapore growth to remain modest
Singapore’s GDP growth is likely to remain modest in 2017, the Monetary Authority of Singapore (MAS) said in its twice-yearly macroeconomic review issued on Thursday.
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Singapore’s GDP growth is likely to remain modest in 2017, the Monetary Authority of Singapore (MAS) said in its twice-yearly macroeconomic review issued on Thursday.
Singapore’s 2017 budget is set to deliver a modest fiscal push to an economy that’s facing a gloomy trade outlook just as it starts to rebound.
Singapore’s economic growth quickened to the fastest pace in more than three years last quarter as manufacturing and services rebounded. GDP rose an annualized 9.1 percent in the three months to December 2016 from the previous quarter, when it declined a revised 1.9 percent, the trade ministry said in a statement on Tuesday.
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