Singapore Central Bank Sees Steady Growth Amid Increasing Risks
- Trade tensions haven’t yet had significant impact, MAS says
- Global and domestic growth should remain solid in 2018
The Monetary Authority of Singapore.
Photographer: Bryan van der Bee/Bloomberg
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Singapore’s central bank sees “steady growth amid rising uncertainty,” holding onto projections for robust domestic and global demand in 2018 and betting that trade tensions won’t spoil the party.
The global economy will expand 4.5 percent this year, according to the Monetary Authority of Singapore’s twice-yearly review released Friday. That would match last year’s rate that was the fastest since 2011.