Updated: 12/12/2013 02:12

Economists expect S'pore economy to grow 3.8% in 2013: MAS survey



Economists expect S'pore economy to grow 3.8% in 2013: MAS survey

Economists have raised their forecast for Singapore's economic growth. 

The latest quarterly MAS Survey of Professional Forecasters showed that the economists expect the economy to grow 3.8 per cent this year. 

That's up from the 2.9 per cent growth forecast in the previous survey. 

The forecast is within the government's official growth forecast of between 3.5 and four per cent.

The economists expect the manufacturing sector to grow by 1.4 per cent, with financial services growing 10.7 per cent. 

The construction sector is forecast to grow by 5.6 per cent. 

Inflation is expected at 2.4 per cent and the unemployment rate is forecast at 1.9 per cent by year end. 

The economists expect GDP growth of 3.9 per cent next year.

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