Get a copy of our latest report Thirty years of unprecedented growth In just 30 years, China has developed from a poor inward-looking agricultural country to a global manufacturing powerhouse. Thirty years of unprecedented growth In just 30 years, China has developed from a poor inward-looking agricultural country to a global manufacturing powerhouse. One Belt, One Road:
The plan is clear: Singapore faces a rough year, especially if US trade protectionism gathers full steam. A fall in economic growth in the US and China will translate to a fall in demand for goods and services.
Singapore also stands to lose its competitive edge following a more protectionist trade stance from the US.
As such, the Singapore government continues to spend more resources fast-tracking its economic restructuring than stimulating domestic activity. But he expressed reservations that the recovering demand for electronics will be sustained. But the outlook is rather bleak for the marine and offshore engineering and services sectors.
Meanwhile, from an expenditure perspective, Nagutha says healthy external demand is at odds with flagging domestic demand.
Exports are expected to grow stronger, but private consumption and investment are forecast to remain frail in given a softening labour market and continuously weak business sentiment, especially amongst services firms.
In the fourth quarter ofthe unemployment rate was at 3. Do you know more about this story? Contact us anonymously through this link. To get a media kit and information on advertising or sponsoring click here.
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