Singapore: Resilience amid low growth – Standard Chartered

Analysts at Standrad Chartered are expecting Singapore’s growth to pick up slightly in 2020 from 2019, but remain below trend.

Key Quotes

“Private consumption should remain a key contributor on lukewarm labour-market conditions.”

“Fiscal spending will likely be a supportive growth driver in 2020.”

“We expect the Monetary Authority of Singapore (MAS) to maintain its monetary policy settings in 2020.”