Singapore

Singapore: Multiple Catalysts; Upside Surprise to 2022 Growth Likely

Macroeconomics
232 Views, 13 Jan 2022 21:48
Nigel has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • The economy is primed for robust growth this year on buoyant global demand, “catch-up” growth in pandemic-impacted sectors, strong household balance sheets, and further upside in the private investment recovery.
  • Consensus growth forecasts for 2022, currently tracking at 4%, are probably too conservative given this sanguine outlook.
  • We forecast GDP growth at 5.0-5.5%; the output gap will turn positive earlier than policymakers envisaged (~mid-2022). Inflation will remain firm, compelling MAS to tighten policy aggressively in April, October.
detail (6-minute read)
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Nigel Chiang
Economist
Centennial Asia Advisors
Multi-AssetMacroeconomicsThematic (Sector/Industry)

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipati... 

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