(October 14 14:54) Sbr.com.sg
Submitted By:
Clarist Zablan
Case Study:
No
This will hinge on MAS easing its monetary policy stance.
Singapore’s GDP is expected to remain unchanged at around 0.4% YoY for 2019 with a lacklustre Q4 performance, but may see a modest growth to 1-2% in the following year, according to OCBC Treasury Research.
This is based on assumptions that global trade tensions do not escalate, manufacturing and trade stabilises, and MAS easing its monetary policy stance by reducing the slope of the SGD NEER policy band from about +1.00% p.a. appreciation path to +0.50% p.a.
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