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Singapore의 최근 경제발전 요약
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2011-06-02
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RnD Singapore의 최근 경제발전 요약.pdf
Singapore의 최근 경제발전 요약
Recent Economic Developments in Singapore
Highlights:
The Singapore economy saw a step-up in activity in Q1 2011
Following modest growth in Q4 2011, domestic economic activity expanded by
22.5% q-o-q saar (seasonally-adjusted annualised rate), led by a surge in
manufacturing activity and trade-related services. Meanwhile, other services
strengthened as well, led by healthy gains in the financial sector.
Global growth is expected to moderate in H2 2011
The G3 economies saw slower overall growth in Q1 while Asia continued to grow
robustly. Forward-looking indicators such as Purchasing Managers’ Indices point to a
slower pace of global economic activity in the second half of the year amidst
increasing uncertainty.
Domestic economic activity is likely to be sustained at high levels this year
GDP growth is forecast to moderate to a more modest pace, even as it continues to
be underpinned by strength across the manufacturing and regionally-oriented
services sectors.
Domestic headline CPI inflation is expected to remain high over the next few
months before easing over the rest of the year
Both domestic and external factors, including accommodation costs and commodity
prices, will contribute to headline inflation, which is forecast to come in at the upper
half of 3-4% this year. Core inflation, which excludes the cost of accommodation and
private road transport, is expected to come in lower at 2-3% in 2011.
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