The MAS reduced the Singapore dollar’s rate of appreciation slightly Monday, taking a more prudent approach to easing policy than some analysts expected.
Singapore’s 3Q19 economic growth kept its nose in positive territory, eking out 0.1 percent on-year growth, advance data from MTI showed Monday.
Singapore is likely to meet slowing economic growth with targeted fiscal help, Selina Ling, head of treasury research and strategy at OCBC, said Tuesday.
Singapore’s NODX dropped 14.6% on-year in 2Q19, hurt by lower shipments of both electronics and non-electronic products, Enterprise Singapore said Tuesday.
Singapore’s GDP growth forecast has been cut to 0.0 percent to 1.0 percent for 2019, amid the escalation of the U.S.-China trade war, the MTI said Tuesday.
Maybank Kim Eng cut its outlook for Singapore economic growth Friday after second-quarter data came in worse than expected, with a rising recession risk.
Singapore’s economy barely grew in the second quarter, with GDP edging up 0.1 percent on-year, according to MTI’s preliminary estimates Friday.
Singapore’s April NODX dropped 10.1% on-year on a high base a year earlier, with declines in both electronic and non-electronic exports, data showed Friday.
The Monetary Authority of Singapore, kept policy unchanged Friday and lowered its inflation forecast, pointing to slowing economic growth in the city-state.
Singapore’s 1Q19 GDP growth slowed to 1.3% on-year, from 1.9% in 4Q18, off a high base of 4.7% growth in 1Q18, according to preliminary data Friday.
Singapore’s February NODX rose 4.9%, swinging from January’s 10.1% fall, on a pickup in non-electronics exports, according Enterprise Singapore data Monday.
Singapore’s NODX declined 10.1% on-year in January, off a high year-ago base, extending December’s 8.5% decline, Enterprise Singapore said Monday.