Singapore 2012 GDP Grew 1.2% as Recession Seen in Second Half – Bloomberg 12-31-12

Salient to Investors:

Wai Ho Leong at Barclays says the Monetary Authority of Singapore faces stubborn inflation and sluggish growth and may continue a gradual appreciation stance, even in an environment of below-trend growth.

Kit Wei Zheng at Citigroup said the hurdle for easing remains high, and inflation will stay elevated through Q1 and economic growth within the official forecast in 2013.

The World Bank ranks Singapore as the easiest place to do business.

Read the full article at http://www.bloomberg.com/news/2012-12-30/singapore-price-risks-persist-as-economy-seen-entering-recession.html.

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