Comments by Singapore's prime minister Lee Hsien Loong
- If all goes well, growth could exceed 2.5%
- US, Europe and China economies should be alright
- Singapore will suffer collateral damage from US-China trade tensions, even if it is not involved
The Singaporean economy expanded by 3.6% in 2017 and 2.4% in 2016. The range given by Lee is similar to what MAS has forecasted at the start of the year.
More recently, MAS decided to tighten monetary policy for the first time in 6 years - which follows the growing theme of central banks shifting to a more hawkish stance in the region.
