By Aaron Low
GROWTH for the Singapore economy in 2011 will slow to 5.1 per
cent, about a third of the pace in 2010, a survey of economists by
the Monetary Authority of Singapore showed.
Unemployment will also continue to fall to 2.0 per cent.
Inflation is expected to also rise by another 2.9 per cent in
2011.
The Sing dollar will continue to strengthen from the current
$1.31 against the US dollar, to about 1.24 by the end of 2011.
Interest rates are also projected to fall further, with the
advanced economies not letting up on their loose monetary
conditions.
Economists expect the 3-month inter-bank lending rate to tumble
to 0.3 per cent in 2011, from the current 0.4 per cent.
