FW: RHB | Singapore | GDP To Slow, But Not Too Severe

 

 

Economic Research			21 December 2017
Singapore
Economic Outlook
GDP To Slow, But Not Too Severe   Singapore’s GDP is set to slow down in 2018, in tandem with a moderation in exports. This would be due to a much higher base effect and the end of the semiconductor super-cycle. However, we believe the magnitude of moderation would not be as extreme as consensus anticipates, as domestic demand is set to rebound this year. This would be boosted by a rebound in the residential market and regulation-driven machinery upgrades, as well as continued upside momentum for consumer spending. Overall, we forecast for the island’s GDP to grow 3% in 2018, from an estimated +3.3 this year.     Economist:  Arup Raha  | +65 6232 3896 Ng Kee Chou | +603 92802179
To access our recent reports please click on the links below: 21 Sep 2017  : GDP To Rise On Capex Tide, Both Locally And Abroad 20 Jun  2017  : Structural Gains Help Mitigate Slowing Growth 28 Mar 2017  : Key Beneficiary Of External Recovery 30 Dec 2016  : Outlook Remains Dim On Sluggish Exports And Rising Interest Rates 28 Sep 2016  : GDP Growth Tied To Flagging External Demand
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

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