Sept. 2 (Bloomberg) -- Singapore’s inflation rate will remain higher than 5 percent in the next few months even as “subdued” global growth may increase risks to the economy, the central bank said.
“Inflationary pressures remain strong,” the Monetary Authority of Singapore said in a report on its website dated Sept. 1. “Economic activity in Singapore is likely to grow modestly in the second half of the year,” supported by Asian demand even as weaker growth prospects in the U.S. and Europe heighten “downside risks,” it said. Full story
