Reuters citing a Monetary Authority of Singapore (MAS) survey:
- GDP growth in 2017 seen at 3.3 pct vs 2.5 pct previously
- Median 2018 GDP growth forecast 3.0 pct vs 2.5 pct previously
- Q4 GDP median growth forecast raised to 2.6 pct y/y from 1.8 pct
- Core inflation 2017 median view trimmed to 1.5 pct from 1.6 pct
- 2018 core inflation forecast unchanged at 1.6 pct
Economists upgraded their views on manufacturing and exports
- Manufacturing is expected to grow 10.6 percent in 2017, up from the previous median forecast of 6.6 percent
- non-oil domestic exports were seen expanding 9.0 percent, up from 7.4 percent previously
In November, the government also revised up its GDP growth forecast range for the whole of 2017 to 3.0 to 3.5 percent, from the previous projection of 2.0 to 3.0 percent.
- The government expects the economy to grow 1.5 to 3.5 percent in 2018.
Economists estimated that the Singapore dollar will trade at S$1.340 per U.S. dollar at the end of next year.
- Singapore's central bank kept its exchange-rate based monetary policy steady in October but changed a reference to maintaining current settings for an extended period, a shift that analysts said created room for a tightening next year.
I'll see if I can find a link for more on this