Construction sector to drag 2018 GDP growth

Submitted By:  Danielle Isaac Case Study:  No The GDP is expected to grow 3%, slower than last year's 3.5%. Thinktank BMI Research forecasts Singapore's real GDP growth to grow at a slower pace of 3% in 2018 largely due to a construction sector that's still weak. According to an analysis, the construction industry's outlook is also likely to remain weak, acting as a drag on the overall economy. However, government measures and rising house prices will lend some degree of support. read more