Updated: 12/03/2013 21:15

S'pore GDP expected to grow moderately in 2013 & 2014: MAS

S'pore GDP expected to grow moderately in 2013 & 2014: MAS

The Monetary Authority of Singapore, MAS, says Singapore's gross domestic product is expected to grow moderately this year and next, with the economy growing between 2.5 and 3.5 per cent. 

This is given the continued recovery in the external environment. 

However, there are risks which could hinder economic growth. 

In its latest Financial Stability Review report, MAS said there could be policy misteps as the US Federal Reserve come out of its quantitative easing policy. 

There's also considerable uncertainty over whether political standoffs over the US budget and debt ceiling could be satisfactorily resolved. 

In the euro zone, concerns over sovereign creditworthiness could intensify and present renewed setbacks to the still-tentative economic recovery. 

MAS says a hard landing of the Chinese economy also poses a risk to Singapore's economic growth. 

It says headline inflation is expected to come in at 2.5 to three per cent this year and between two and three per cent in 2014.

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