SINGAPORE (Mar 18): The Institute of Chartered Accountants in England and Wales (ICAEW) is expecting Singapore’s GDP growth to moderate to 2.4% in 2019 from 3.2% in the previous year, against the backdrop of a more challenging environment for exports and the manufacturing sector.
This is according to the institute’s latest Economic Insight: South-East Asia report, which is produced by Oxford Economics, the institute’s partner and economic forecaster.
ICAEW’s projected 2019 GDP growth figure for Singapore comes in marginally lower than the 2.5% expansion expected by professional forecasters by the Monetary Authority of Singapore (MAS) in March.
