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NEW UPDATES Asean Affairs  11 September 2014  

Singapore economy to expand 3.3% in 2014

SINGAPORE: The Republic's economy is expected to grow by 3.3 per cent this year, according to a quarterly survey of economists released by the Monetary Authority of Singapore (MAS) on Wednesday (Sep 10).

The figure is down from the 3.8 per cent forecasted in the previous survey done three months ago, after gross domestic product (GDP) growth in the second quarter was lower than expected. GDP grew 2.4 per cent in the second quarter, lower than the median forecast of 3.3 per cent reported in the June survey.

The latest estimates are in line with the official growth forecast of 2.5 to 3.5 per cent, which was announced in August. This was a narrowing from the earlier range of 2 to 4 per cent.

Looking further ahead, economists expect GDP will expand by 3.7 per cent in 2015, down from the 3.9 per cent in the June survey. Headline inflation and MAS core inflation are forecast to be 2.2 per cent and 2.5 per cent respectively.

The MAS Survey of Professional Forecasters is conducted every quarter after the release of detailed economic data for the preceding three months. The median forecasts in the latest report were based on the estimates of 22 economists, MAS said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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