Singapore's economy is expected to have grown at a tepid pace in the second quarter and the combination of a strong currency and free-falling consumer prices could force the central bank to ease monetary policy further.
Some analysts also warn of rising recession risks for the small, trade-reliant city-state especially after the shock of Britain voting to leave the European Union is expected to hurt global growth on top of stress in China's economy.
Singapore's gross domestic product is forecast to have expanded 0.9% in April-June from the first quarter on annualised and seasonally adjusted basis, the median forecast in a Reuters poll of 15 economist showed. That compared with 0.2% growth in January-March.
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Some analysts also warn of rising recession risks for the small, trade-reliant city-state especially after the shock of Britain voting to leave the European Union is expected to hurt global growth on top of stress in China's economy.
Singapore's gross domestic product is forecast to have expanded 0.9% in April-June from the first quarter on annualised and seasonally adjusted basis, the median forecast in a Reuters poll of 15 economist showed. That compared with 0.2% growth in January-March.
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