OCBC however cautions of near-term volatility.
IMF forecasts GDP growth at 6% and 5.5% in 2013 and 2014 respectively, indicating strong support from consumption and investment. Added that inflation will remain within target while BOP is likely to remain in the surplus territory for now. DBS however cautioned that growth may be more volatile beyond the near-term and that recent surge in capital flows may extend asset price gains.
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