Economists trim Singapore's growth prospects in latest MAS survey

Full-year GDP will clock in at 2.7%.

Economists and analysts expect Singapore's economy to grow by 2.7% in 2015, according to the Monetary Authority of Singapore (MAS)'s latest Survey of Professional Forecasters.

This figure is slightly below the 2.8% economic growth forecast in the March 2015 survey.

The respondents expect GDP to expand by 2.7% in the second quarter. In comparison, the forecast was 2.9% in the March survey.

The median CPI-All Items inflation forecast for 2015 fell slightly to 0.0%, from the 0.1% reported in the March survey.

CPI-All Items inflation is projected at −0.4%. in Q2 The respondents also expect MAS Core Inflation to be 1.0% in 2015, unchanged from the previous survey.

As for the labour market, the respondents expect the unemployment rate to be 2.0% at year-end.