The median forecast is at the upper end of the government's growth forecast range of 1-3 per cent for 2012. we expects the Singapore dollar to strengthen to $1.23 against the US dollar by the end of 2012.
financial services sector in Singapore, which is one of Asia's biggest wealth management centre, is expected to slow to 4.2 per cent in 2012 from a forecast of 9.4 per cent in 2011.
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