Friday, November 21, 2008
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MTI has also revised Singapore GDP Forecast from 3% to 2.5%.
MTI said Singapore economy is likely to face a broadbase slowdown in 2009. It has forecasted Singapore GDP Forecast for 2009 between -1% to 2%.
MTI has revised the forecasted inflation rate for 2009 from 2.5%-3.5% to 1%-2%.
May also want to read:
Fire Sale: Owners Dump Condos
The days of Cheap, Easy Credits chasing after property is OVER!
When the bubble of greed and fear burst, guess who suffer?
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HDB Resales: West Sees Highest Price Increase
Singapore's GDP contracted by 0.6% in 3Q2008: MTI's GDP 2008 Forecast Reduce to 2.5%, 2009 Economic Growth -1% to 2%
The Performance of the Singapore Economy for 3rd Qtr 2008 has been released today by MTI. Singapore's GDP contracted by 0.6%, lower than the earlier estimate of 0.5%, with the largest contraction coming from the manufacturing sectorHighlight:
Singapore GDP Forecast for 2008 reduce to 2.5%
MTI has also revised Singapore GDP Forecast from 3% to 2.5%.
Singapore GDP Forecast for 2009 between -1% to 2%.
MTI said Singapore economy is likely to face a broadbase slowdown in 2009. It has forecasted Singapore GDP Forecast for 2009 between -1% to 2%.
Inflation in 2009 to decline
MTI has revised the forecasted inflation rate for 2009 from 2.5%-3.5% to 1%-2%.
May also want to read:
Fire Sale: Owners Dump Condos
The days of Cheap, Easy Credits chasing after property is OVER!
When the bubble of greed and fear burst, guess who suffer?
Property Investment Tip: Don't put all your eggs in one basket
HDB Resales: West Sees Highest Price Increase
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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
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