Singapore’s Economy Will Slow in 2019, Says Central Bank
- City state set to slow alongside weakening in key partners
- Inflation to remain benign while labor market firms further
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Singapore’s economy will slow in 2019, reflecting a weakening in key trading partners and a further cooling of the electronics sector, the central bank said.
The city state is set to expand slightly below the midpoint of a 1.5 percent to 3.5 percent forecast range for this year after growing 3.2 percent in 2018, the Monetary Authority of Singapore said in its Macroeconomic Review on Friday. The expansion will come in slightly below Singapore’s potential growth after two years of outpacing that yardstick, according to the report.