Singapore 2018 growth holding steady despite rising trade friction: MAS chief

Singapore

SINGAPORE's economy should continue to expand in 2018 although protectionism risks have risen, said Ravi Menon, Monetary Authority of Singapore managing director.

He said overall growth in gross domestic product (GDP) is expected to come in at around 2.5 to 3.5 per cent in 2018, unchanged from an earlier official forecast released in May.

"While the central prognosis for the Singapore economy this year remains intact, spillovers from global trade conflicts bear close watching," said Mr Menon, who was speaking on Wednesday at MAS' annual report media briefing.

These spillovers arise from Singapore's role as a node in the regiona…