MAS anticipate 2017 Singapore GDP to the top half of 2% to 3% of the range

Monetary authority of Singapore, with forecasts Oct 27

  • GDP then to moderate slightly in 2018
  • although the risk of a renewed fight against inflation has receded to there is little indication of the imminence of the acceleration in underlying price pressures
  • host of labor market indicators suggest the labour market has improved slightly, the overall demand is expected to improve in the short term
  • already accumulated slack in the labour market will take time to be absorbed, wage pressures unlikely to accumulate rapidly

The latest Singapore unemployment data come a bit earlier:

  • Q3 unemployment rate 2.1% vs 2.2% exp vs 2.2% prev

SDSGD currently 1.3684 near Oct and August high

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