MAS ECONOMIST SURVEY Growth to slow in 2011
-
Dec 8, 2010 - Straits Times
By Aaron Low
GROWTH for the Singapore economy in 2011 will slow to 5.1 per cent, about a third of the pace in 2010, a survey of economists by the Monetary Authority of Singapore showed.
Unemployment will also continue to fall to 2.0 per cent.
Inflation is expected to also rise by another 2.9 per cent in 2011.
The Sing dollar will continue to strengthen from the current $1.31 against the US dollar, to about 1.24 by the end of 2011.
Interest rates are also projected to fall further, with the advanced economies not letting up on their loose monetary conditions.
Economists expect the 3-month inter-bank lending rate to tumble to 0.3 per cent in 2011, from the current 0.4 per cent.
-
Only one year.
