Singapore Economic Data Looks Discouraging

GDP for 2008 is forecast to be 5.5% down from 5.6% in March survey. Inflation for the whole year is set to be of 6%, up 1% in an earlier survey 3 months ago. Unemployment figure for the first three months of this year is at 2.2% 2.0%, up slightly from the previous month, but lower if compared to the same period a year ago.