Singapore GDP to expand by 2.8% in Q2

Source: Marketwatch
Singapore's economy is expected to grow by annualized 2.8% in Q2, according to survey conducted by the Monetary Authority of Singapore. The forecast is slightly higher than initial estimate of 2.5%. Participants also projected the CPI to increase by 5.2% in Q2 and the jobless rate to attain 2.2% by the end of 2012. Moreover, respondents expect USD/SGD to trade at 1.2700 by the end of this month and to approach 1.2430 by the end of 2012.



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