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Advanced economies have bigger impact on S'pore

MAS: Emerging Asia slowdown unlikely to negate benefit of developed nations' recovery

Published Tue, Oct 29, 2013 · 10:00 PM
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[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.

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