Daily Debrief: What Happened Today (Dec 13)

Published Wed, Dec 13, 2023 · 06:30 PM
    • Economists raise their inflation forecasts for 2024 to 3.4 per cent for headline inflation, up from their previous projection of 3.1 per cent, and 3 per cent for core inflation, up from 2.8 per cent.
    • Economists raise their inflation forecasts for 2024 to 3.4 per cent for headline inflation, up from their previous projection of 3.1 per cent, and 3 per cent for core inflation, up from 2.8 per cent. PHOTO: BT FILE

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    Economists cut Singapore’s 2024 growth forecast to 2.3%, maintain 2023 projection at 1%: survey

    PRIVATE-sector economists lowered their forecast for Singapore’s 2024 growth and raised inflation expectations, in the latest quarterly survey of professional forecasters published by the Monetary Authority of Singapore (MAS) on Wednesday (Dec 13).


    Apac private equity to face challenges in fundraising, returns

    THE uncertainty around China and waning investor appetite will be challenges that Asia-Pacific (Apac) private equity will face in the coming years, said a report by data platform Preqin released on Wednesday (Dec 13).


    ADB cuts South-east Asia growth forecasts for 2023, 2024 on lacklustre manufacturing sector

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    THE Asian Development Bank (ADB) expects South-east Asia’s gross domestic product to grow 4.3 per cent this year, down from its September forecast of 4.6 per cent. September’s forecast was also a downgrade from April’s prediction of 4.7 per cent.


    Weak economy casts shadow over Indonesia’s election season: World Bank

    INDONESIA’S economy is expected to grow by 4.9 per cent in 2024, a decrease from this year’s 5 per cent, due to a slowdown in trade and lower commodity prices, said the World Bank.


    STI inches up 0.1% on Wednesday amid mixed regional performance

    SINGAPORE shares edged up on Wednesday (Dec 13) amid mixed showing from regional indices.

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