[SINGAPORE] Singapore remains more exposed to the advanced economies than to emerging Asia, said the Monetary Authority of Singapore (MAS) in its Macroeconomic Review October 2013 issue.
As such, the slowing growth in emerging Asia is unlikely to negate the positive effects from a recovery in the developed countries, according to the Review released yesterday.
Singapore should grow at 2.5-3.5 per cent for the whole of 2013 and is unlikely to be significantly different in 2014.
"Singapore's near-term outlook will be influenced by the relative growth performance in the developed and emerging market economies, which are presently at different stages of the business cycle," it said.
"Emerging Asia will...