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Insights
We share our thought-leadership publications and perspectives on issues across different domains to generate ideas and intellectual discourse.
Singapore’s Economy: What’s Next?
The Singapore economy is commonly considered as one of the success stories of rapid and stable economic development. The city state has enjoyed stable and sustained growth from 1966 to 1996. Thereafter, the economy has experienced volatility from a series of shocks and uncertainty due to trade and international capital flows. More recently, the impacts of the Trump administration’s policy induced shocks to global trade relations and has an effect to the economic health of the Singapore economy. So, what next?
Insight Report Synopsis:
- We expect GDP to stay in the sub 1% range with the marginal possibility of negative growth in 2021 if there is no reconciliation of the US-China trade war
- Unemployment has risen marginally and we expect it to rise further
- A scissors crisis is already in the making because of the temporal mismatch between a steepening economic challenge and the long-term trajectory of transformation
The Future-Moves Group shares our perspectives and forecast of Singapore’s economy in the near future.
August 2019
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