That’s down on the 3.6 per cent recorded in 2017 and on the current market expectations of 3 per cent growth.
“My stronger growth forecast is due to two key domestic drivers of growth that will become more apparent as the year progresses.”
In that sense, a relatively conservative forecast. But I am more bullish than the MAS and the market. My expectation is for gross domestic product (GDP) growth to come in at 4 per cent for 2018.
I’ll admit this makes me the most optimistic forecaster at present but let me step you through my thinking.
First off, the export recovery we saw last year is expected to continue into the early part of this year.