S'pore GDP up 9.9% in 2000, no shift in MAS bias

Singapore's economy grew a robust 9.9 percent in 2000, slightly below an official forecast of 10.1 percent, with the outlook broadly positive for 2001 despite slowing growth, the government said on Feb 22, 2001.

After the release of the data, the Monetary Authority of Singapore (MAS) defied expectations of a shift in its monetary policy by sticking to its tightening bias to cap inflationary pressures. The Ministry of Trade and Industry maintained its growth forecast for the whole of 2001 at fi