RHB | Singapore | Positive Investment And Export Outlook Cushions The Uneven Economic Growth

Economic Research	23 June 2015
Singapore
Economic Outlook
Positive Investment And Export Outlook Cushions The Uneven Economic Growth Singapore’s real GDP growth picked up in 1Q 2015, on the back of stronger exports. However, going forward we expect domestic demand to step up in 2H on the government’s renewed infrastructure drive, which is expected to deliver higher economic multiplier effect to the domestic economy. As a whole, we envisage the economy to expand at a faster pace of +3.4% in 2H 2015, compared with +2.6% estimated for the 1H, and maintain our GDP growth forecast of +3.0% in 2015, up from +2.9% in 2014. Economist:  Singapore Research  | +65 6533 0781
To access our recent reports please click on the links below: 04 Feb 2015: Money Supply Softened During 2014, But likely Gain Pace In 2015 29 Jan 2015: MAS Loosen The Monetary Policy Stance 27 Jan 2015 : Industrial Production Inched Up in 2014, Outlook Envisaged To Improve In 2015