Economists trimmed their forecasts for Singapore's 2016 and 2017 growth, while downgrading their views on exports as well as private consumption for this year, a central bank survey showed on Wednesday.
The median forecast of 22 economists surveyed by the Monetary Authority of Singapore (MAS) was for gross domestic product (GDP) to grow 1.8% in 2016, down from the 1.9% expected in the previous survey published in March.
The median forecast for GDP growth in 2017 was also lowered to 2.1%, down from 2.5% in the previous survey.
The government expects full-year GDP growth of 1.0%-3.0% this year.
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The median forecast of 22 economists surveyed by the Monetary Authority of Singapore (MAS) was for gross domestic product (GDP) to grow 1.8% in 2016, down from the 1.9% expected in the previous survey published in March.
The median forecast for GDP growth in 2017 was also lowered to 2.1%, down from 2.5% in the previous survey.
The government expects full-year GDP growth of 1.0%-3.0% this year.
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