Singapore GDP Growth Forecast Remains At 5-7 Pct, But Uncertainties Ahead

Bernama.com, 21 Jul 2011
SINGAPORE, July 21 (Bernama) -- Monetary Authority of Singapore (MAS), the republic's central bank, says Singapore's Gross Domestic Product (GDP) growth forecast remained between five and seven per cent, but uncertainties have increased.
Its Managing Director Ravi Menon said the Ministry of Trade and Industry and MAS were reviewing Singapore's GDP growth forecast.
"For now, the 5-7 per cent forecast remains intact. But if the pick-up from the downturn in the second quarter is weaker than expected, growth could come in at a lower range. Full story

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