gross domestic product (GDP) growth

2019 GDP growth to ease to 'slightly above midpoint' of 1.3-3.5% forecast: MAS

SINGAPORE (Apr 26): MAS expects GDP growth to come in slightly above the mid-point of 1.3-3.5% forecast range in 2019, as growth momentum of the global economy has moderated at the turn of the year amid sluggish trade.

This was according to the Guide to the Macroeconomic Review April 2019, released by the Monetary Authority of Singapore’s (MAS) Economic Policy Group on Friday morning.

GDP more meaningful when paired with other indicators like Happiness Index: Credit Suisse

SINGAPORE (June 4): Rather than ignoring GDP growth or obsessing over it, it is much more meaningful to supplement it with other indicators that will provide a better overall picture and greater insight for policymakers, says a Credit Suisse report.

The report also suggested that the Happiness Index can be used as an alternative to economic output.

Asian consumption on upward trend despite weak G7 growth in 2018: Oxford Economics

SINGAPORE (May 25): Relatively weak consumption growth is likely to persist across G7 nations this year, says Oxford Economics on the belief that the impact of a recovery in real incomes will be dampened by higher oil prices and waning wealth effects going forward. 

The research firm’s baseline forecast is for G7 household spending growth to remain broadly stable in 2018, but for the key drivers – namely income, housing wealth, equity wealth and interest rates – to rotate.

Solid Singapore growth lays ground for possible tax, MAS moves

SINGAPORE (Jan 2): Singapore’s economy finished 2017 on a solid footing, allowing more room for policy makers as they consider raising taxes and tightening monetary policy this year.

Growth was faster than economists predicted last quarter, resulting in the strongest full-year expansion in three years, according to preliminary figures released on Tuesday. The data also confirmed the recovery is broadening out, with services industries, such as finance and transport, among the main drivers of growth in the fourth quarter.

Singapore economy forecast to grow by 3.3% for 2017: MAS survey

SINGAPORE (Dec 13): Singapore’s economy grew stronger than expected in 3Q17, according to latest data from the Monetary Authority of Singapore (MAS).

The Singapore economy expanded by 5.2% in 3Q17 ended Sept compared with the same period last year, says MAS in its December 2017 Survey of Professional Forecasters. This was higher than the median forecast of 3.1% reported in the Sep 2017 Survey.

In addition, the respondents expect GDP growth to come in at 3.3% in 2017, an upgrade from the 2.5% median forecast in the previous survey.

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