Economics
Mild Inflation, Subdued Wages Seen for Singapore, MAS Projects
- GDP growth forecast to slow slightly next year: central bank
- MAS stuck to its neutral policy stance earlier this month
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Singaporeans should get used to mild inflation and scant wage gains for at least the next several months, according to the Monetary Authority of Singapore.
A stable outlook for global commodity prices, somewhat subdued consumer sentiment, and lingering labor-market slack will probably hold down inflation pressures, the MAS projected in its twice-yearly review of macroeconomic trends released Friday. Unemployment, too, should remain somewhat stable with the pace of economic growth seen slowing marginally next year.