Manufacturing will remain in the red, experts say.
Analysts expect Singapore's GDP to expand by 2.2% in 2016, according to the latest Survey of Professional Forecasters by the Monetary Authority of Singapore.
Inflation is expected to remain muted after being stuck in negative territory in 2015. Experts expect the consumer price index to come in at 0.5%, while MAS Core Inflation is expected to register at 1%.
In terms of key economic segments, analysts expect manufacturing to stay in the red, with full-year growth pegged at -1.2%.
Finance and insurance is expected to book a growth of 5.9% next year, slower than the 6.6% growth which is forecasted for 2015.
Construction will grow by 1.2% in 2016, slower than forecasts of a 2.3% expansion this year.
Meanwhile, wholesale and retail trade will grow at a slower pace of 4.0%, compared to 4.8% in 2015.
Accommodation and food services is expected to grow by a marginal 0.8% next year, an improvement when compared to -0.1% in 2015.
Non-oil domestic exports are expected to expand by 1.5%, while unemployment rate is expected to hover at 2.1%.
The 3-month SIBOR is expected to reach 1.70%, while the Singapore dollar is expected to hit 1.47 to the greenback.
http://www.msn.com/en-sg/money/tops...ll-perform-in-2016/ar-AAge2RC?ocid=spartandhp
Analysts expect Singapore's GDP to expand by 2.2% in 2016, according to the latest Survey of Professional Forecasters by the Monetary Authority of Singapore.
Inflation is expected to remain muted after being stuck in negative territory in 2015. Experts expect the consumer price index to come in at 0.5%, while MAS Core Inflation is expected to register at 1%.
In terms of key economic segments, analysts expect manufacturing to stay in the red, with full-year growth pegged at -1.2%.
Finance and insurance is expected to book a growth of 5.9% next year, slower than the 6.6% growth which is forecasted for 2015.
Construction will grow by 1.2% in 2016, slower than forecasts of a 2.3% expansion this year.
Meanwhile, wholesale and retail trade will grow at a slower pace of 4.0%, compared to 4.8% in 2015.
Accommodation and food services is expected to grow by a marginal 0.8% next year, an improvement when compared to -0.1% in 2015.
Non-oil domestic exports are expected to expand by 1.5%, while unemployment rate is expected to hover at 2.1%.
The 3-month SIBOR is expected to reach 1.70%, while the Singapore dollar is expected to hit 1.47 to the greenback.
http://www.msn.com/en-sg/money/tops...ll-perform-in-2016/ar-AAge2RC?ocid=spartandhp
