Economics
Singapore GDP Growth Seen Near Zero May Slow Currency Gains
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Singapore’s economic growth probably nearly stalled last quarter as a faltering global recovery hurt exports, putting pressure on the central bank to join nations from Indonesia to Pakistan in easing monetary policy.
Gross domestic product probably rose an annualized 0.8 percent last quarter from the previous three months, when it fell 6.5 percent, according to the median of 16 estimates in a Bloomberg News survey. The Monetary Authority of Singapore, which uses the island’s dollar as its main tool to manage inflation, may slow or end currency appreciation, a separate survey showed. Both reports will be released at 8 a.m. tomorrow.