Chart of the Day: Singapore's pick-up in 2012
Singapore will have to endure poor economic conditions before seeing growth in 2H12.
According to DBS, the recovery in the US will likely gain momentum whereas a more solid resolution may be in sight in the Eurozone by then. As a result, full year GDP growth in 2012 will likely come in at 3.5%, down from 5.0% in 2011.
Graph from DBS Daily Breakfast Spread