Singapore Chartbook: No technical recession but support is still warranted
- We continue to expect the Singapore economy to avert a technical recession in 3Q19
- The economy will likely register a benign expansion of 0.4% YoY (2.1% QoQ saar) in 3Q19
- The global slowdown continues weigh on the domestic sector, and the labour market
- Our full year GDP growth forecast remains at 0.7%, and inflation is expected to stay muted at 0.5%
- A robust fiscal budget and monetary easing are expected to provide support for the economy
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