Rising interest rates worrying for Singapore economy: economists

Singapore

THE expected rise in interest rates will further weaken Singapore's already slowing economy, said economists at a high level discussion last week.

But manoeuvring space for further monetary policy response in order to stoke inflation and growth remains tight, as Singapore remains highly indebted, they added.

Over a three hour session on Wednesday, attendees of the 25th Singapore Economic Roundtable talked of a Singapore economy that faces stresses on multiple levels.

Even as the economy tries to shake off these woes, they foresee another looming on the horizon, and one that may just make it worse for Singapore: rising interest rates.

Last month, the US central bank said that it will look to raise interest rates in Jun…