Singapore Growth on Track to Pick Up as Inflation Steadies -- Market Talk

Dow Jones

Oct 14, 2024

0958 GMT - The takeaway from Singapore's 3Q GDP release and MAS meeting could be summed up as: better growth, lower inflation and steady policy. DBS economists and strategists lift 2024-2025 real GDP growth forecasts for Singapore to 3.5% and 2.8%, respectively, from 2.7% and 2.5%. Electronics will likely remain the key growth driver for manufacturing but with downside risk, they say. MAS expects inflation to keep easing into 2025, and DBS's forecasts are in line with authorities' updated projections for 2024-2025. They see no immediate need for the central bank to alter the appreciation pace of its SGD NEER policy band. The timing of easing the appreciation pace in 2025 will hinge on inflation's progress back into a historically comfortable range, Philip Wee and Chua Han Teng say. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 14, 2024 05:59 ET (09:59 GMT)

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DBS economists and strategists lift 2024-2025 real GDP growth forecasts for Singapore to 3.5% and 2.8%, respectively, from 2.7% and 2.5%. Electronics will likely remain the key growth driver for manufacturing but with downside risk, they say. MAS expects inflation to keep easing into 2025, and DBS's forecasts are in line with authorities' updated projections for 2024-2025. They see no immediate need for the central bank to alter the appreciation pace of its SGD NEER policy band. The timing of easing the appreciation pace in 2025 will hinge on inflation's progress back into a historically comfortable range, Philip Wee and Chua Han Teng say. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 14, 2024 05:59 ET (09:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Growth on Track to Pick Up as Inflation Steadies -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Growth on Track to Pick Up as Inflation Steadies -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-14 17:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0958 GMT - The takeaway from Singapore's 3Q GDP release and MAS meeting could be summed up as: better growth, lower inflation and steady policy. DBS economists and strategists lift 2024-2025 real GDP growth forecasts for Singapore to 3.5% and 2.8%, respectively, from 2.7% and 2.5%. Electronics will likely remain the key growth driver for manufacturing but with downside risk, they say. MAS expects inflation to keep easing into 2025, and DBS's forecasts are in line with authorities' updated projections for 2024-2025. They see no immediate need for the central bank to alter the appreciation pace of its SGD NEER policy band. The timing of easing the appreciation pace in 2025 will hinge on inflation's progress back into a historically comfortable range, Philip Wee and Chua Han Teng say. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 14, 2024 05:59 ET (09:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0084288322.USD","symbol_name":"Natixis Asia Equity RD USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475356669","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475356669","pubTimestamp":1728899940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0958 GMT - The takeaway from Singapore's 3Q GDP release and MAS meeting could be summed up as: better growth, lower inflation and steady policy. DBS economists and strategists lift 2024-2025 real GDP growth forecasts for Singapore to 3.5% and 2.8%, respectively, from 2.7% and 2.5%. Electronics will likely remain the key growth driver for manufacturing but with downside risk, they say. MAS expects inflation to keep easing into 2025, and DBS's forecasts are in line with authorities' updated projections for 2024-2025. They see no immediate need for the central bank to alter the appreciation pace of its SGD NEER policy band. The timing of easing the appreciation pace in 2025 will hinge on inflation's progress back into a historically comfortable range, Philip Wee and Chua Han Teng say. 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DBS economists and strategists lift 2024-2025 real GDP growth forecasts for Singapore to 3.5% and 2.8%, respectively, from 2.7% and 2.5%. Electronics will likely remain the key growth driver for manufacturing but with downside risk, they say. MAS expects inflation to keep easing into 2025, and DBS's forecasts are in line with authorities' updated projections for 2024-2025. They see no immediate need for the central bank to alter the appreciation pace of its SGD NEER policy band. The timing of easing the appreciation pace in 2025 will hinge on inflation's progress back into a historically comfortable range, Philip Wee and Chua Han Teng say. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 14, 2024 05:59 ET (09:59 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}