Singapore Raises 2017 GDP Forecast

The video discusses the strong GDP performance in the third quarter, surpassing estimates with significant growth in manufacturing and services. Singapore's economy, heavily reliant on global trade, benefits from regional growth in Southeast Asia. Despite positive economic indicators, inflation remains a concern, with expectations of a slight currency appreciation next year. The Central Bank emphasizes the need for forward-looking policies to manage potential inflationary pressures.

What was the quarter-on-quarter GDP growth rate in the third quarter, and how did it compare to estimates?

• 8.8% growth, below the estimate of 9%

• 8.8% growth, exceeding the estimate of 6.3%

• 6.3% growth, matching the estimate

• 5.2% growth, below the estimate of 6.3%

How does Singapore's economy primarily benefit from the global economy?

• Through agricultural exports

• Via tourism

• By being highly export-dependent

• Through domestic consumption

What is a key factor contributing to the strong growth in Southeast Asia?

• Declining global trade

• Decreasing population

• High levels of foreign debt

• Increased infrastructure spending

What is the expected inflation rate in Singapore, and how does it compare to historical averages?

• 1.5%, above historical averages

• 1.5%, below historical averages

• 2%, above historical averages

• 3%, matching historical averages

What might the Central Bank of Singapore consider due to muted inflation?

• Reducing export tariffs

• Increasing infrastructure spending

• Decreasing interest rates

• Appreciating the currency slightly