No So Impressive Singapore Q4 Gross Domestic Product

Economists say that Singapore's economy will slow in the 4th quarter. That is, GDP is projected to lift 2.7%, which is less than 3rd quarter’s 5.2% (also 4-year maximum). Additionally, industrial production increased less comparing to a November in 2016. Still, such GDP number wouldn’t be so bad of a result, analysts note, the growth will likely remain sustained. Last month, the government improved its GDP growth prognosis for 2017 to 3.5%. In 2018, it should hit 3.5% as well. If the forecasts are lived up, the economic growth will mark the 3-year maximum.