4/27/2018 3:58:31 PM
|written By : Team India Se|
Singapore's economic outlook for 2018 remains positive, says the Monetary Authority of Singapore (MAS). According to it, “The Singapore economy is set to continue on a steady expansion path in 2018.”
Alluding to the brewing trade war between the United States and China, it says: “While the recent escalation of global trade frictions has posed some downside risks to the Singapore economy, the direct impact of the announced tariffs is likely to be contained.
“On balance, GDP growth in 2018 should come in slightly above the middle of the forecast range of 1.5–3.5 per cent,” MAS says in its bi-annual Macroeconomic Review report released on April 27.