MAS maintains forecast

Wed, 02 Jul 1997, 00:00 WIB | Source: REUTERS

SINGAPORE (Reuter): Singapore's economy is expected to grow by
five to seven percent in 1997, the Monetary Authority of
Singapore (MAS) said in its 1996/1997 annual report yesterday.

The forecast is in line with the government's previous
predictions.

The growth would be led by a recovery in manufacturing
exports, continuing strong construction activity and a buoyant
financial sector, it said.

"The turnaround in global electronics demand portends a
recovery in Singapore's manufacturing sector in 1997," MAS said.

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