Higher Taxes and Rate Hikes? What's Ahead for Singapore

Higher Taxes and Rate Hikes? What's Ahead for Singapore

Bloomberg·2017-12-29 15:10

Singapore is bracing for possible tax increases and monetary policy tightening in 2018 against a backdrop of steady economic growth and benign inflation.

The city state’s economy will probably expand 2.8 percent next year compared with an estimated 3.3 percent this year, while inflation is forecast to pick up slowly, according to the median estimates in a Bloomberg survey. Gross domestic product probably rose an annualized 2.1 percent in the fourth quarter of 2017 from the previous three months, according to a separate survey ahead of data due Jan. 2.

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