World Economic outlook - Singapore economic growth forecast 2012 ; Singapore’s central bank says a survey of analysts shows the economy will likely grow 3 percent next year, less than the previous estimate.
The survey of 21 analysts released Wednesday by the central bank showed that growth will likely be led by financial services expanding 4.2 percent and manufacturing up 3.4 percent.
Analysts had expected the economy would grow 4.9 percent next year in the previous survey in September. Analysts expect the economy will expand 5.2 percent this year.
The inflation rate will probably fall to 3.1 percent next year from 4.5 percent this year. The survey predicts the unemployment rate will be 2.4 percent next year while the exchange rate will end 2012 at 1.23 Singapore dollars per U.S. dollar.
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