According to Maybank Kim Eng, it continues to expect global economic growth to stabilise in 2013 at +3.4% after two consecutive years of slowdown (2012: +3.3%; 2011: +3.8%; 2010: +5.1%).
It added that however, the risk to this view is that Singapore’s export-based manufacturing maybe losing competitiveness amid steady currency appreciation and rising costs. Full story
