Singapore’s economic growth probably slowed last quarter as the European debt crisis constrained exports while elevated inflation prompted the central bank to tighten policy.
Gross domestic product rose an annualized 1 percent in the three months through June from the previous quarter, less than the 10 percent pace in the period through March, according to the median of 14 estimates in a Bloomberg News survey.
Singapore may require a further moderation in its 5 percent inflation rate, the fastest in Southeast Asia after Vietnam, to give the island more scope to join a monetary stimulus drive stretching from Asia to Europe. Full story
