Singapore Stock Market News
Singapore Analyser - Outlook 2015
StockFanatic
Publish date: Fri, 28 Nov 2014, 01:07 PM
StockFanatic
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Modest GDP growth outlook, lower core CPI
We expect Singapore to post moderate GDP growth of 2.5% in 2015, alongside a mild acceleration in global growth to 3.5%. UBS economists expect SIBOR to rise to 1.4%, in tandem with an expected Fed rate hike to 1.25%. We forecast core CPI to decline to 1.5% on lower commodity prices, weaker growth and a slacker labour market. We expect an end- 2015 US$/S$ of 1.32.
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