The median forecast was trimmed from the 5.6 percent seen in the last Monetary Authority of Singapore (MAS) survey of economists in March. The government of Singapore, Southeast Asia’s most advanced economy, has stuck to its full-year GDP growth estimate of four to six percent.

In the first quarter, export-reliant Singapore grew more slowly than estimated as demand weakened because of a slowdown in the United States and other key markets, the government said. Gross domestic product (GDP) expanded 6.7 percent in the March quarter compared with the same period last year, it said.

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