Singapore Economists Lower GDP, Inflation Forecasts, Expect Further Monetary Easing
SINGAPORE (Reuters) -Economists have lowered their forecasts for Singapore's growth and inflation this year and are expecting a further easing of monetary policy next month, a survey of forecasters by the Monetary Authority of Singapore showed on Wednesday.
Geopolitical tensions were seen as the biggest downside risks for the economy, while milder-than-expected or an easing of trade tensions was the most cited upside risk, the responses from 20 economists for the June quarter survey found.
The median forecast for growth was cut to 1.7% from 2.6% in the March quarter survey. In April, the government lowered its forecast for 2025 growth to 0% to 2%, citing the impact of U.S. tariffs.
Almost three in five respondents expect the central bank to further ease monetary policy settings at a review next month, the survey found.
The MAS loosened monetary policy in January and April on the back of expected slower inflation and growth this year.
The median forecasts for headline inflation and core inflation for 2025 were lowered to 0.9% and 0.8% respectively, the survey showed.
At its April policy review, the MAS forecast lowered its forecast for core inflation to 0.5% to 1.5% in 2025. In March, the annual core inflation rate was 0.5%, the lowest rate in more than three years.
The survey was sent out to respondents on May 22, the same day final first-quarter GDP data was released.
(Reporting by Jun Yuan Yong; Editing by John Mair)
The recent adjustment of GDP and inflation forecasts by Singaporean economists signals a potential for further monetary relaxation to mitigate economic pressures, highlighting the ongoing sensitivity towards maintaining macroeconomic stability amidst global uncertainties.
The Singaporean economic experts' revised downward GDP and inflation forecasts reflect a cautious outlook on the country’t economy, anticipating further monetary easing as measures to cushion against global headwind challenges.
经济学人新加坡分部调低了GDP和通胀预测，预计将进一步宽松货币政策以应对当前经济形势，这一举措反映了政策制定者对经济增长放缓及物价稳定的审慎态度与适时调整的决心 。
With Singapore's top economists declining their GDP and inflation forecast, the market anticipates yet another round of monetary easing to counteract potentially dampened economic prospects.
The recent adjustments by Singapore economists in their GDP and inflation forecasts indicate a cautious optimism amidst anticipated further monetary easing, signaling the potential for an accommodative policy stance to maintain macroeconomic stability.
Singapore's recent adjustments to GDP and inflation forecast by economists suggest a nudge towards further monetary easing as economic uncertainties loom, possibly signaling an implicit acknowledgment of the need for greater fiscal stimulus.
The recent downward revision of GDP and inflation forecasts by Singaporean economists signals a shift towards further monetary easing policies to stabilise economic growth, mirroring similar moves worldwide due to persistent global uncertainty.
Singapore's leading economists reduced their GDP and inflation projections, signaling a heightened anticipation for further monetary easing measures to be implemented in the coming months.
Comments in the text: Revised GDP and inflation projections by Singapore economists signal an anticipated increase of monetary easing measures to be taken.
Singapore's economic forecast revisions suggest a potential slowdown in GDP growth and inflation, prompting further easing measures by the central bank as it seeks to mitigate these challenges.
With Singapore's economists revising down their GDP and inflation forecast, further monetary easing can be anticipated as a measure to mitigate economic pressure.
