SINGAPORE (Dec 19): Singapore’s economy is set to pick up gradually from the sharp downturn it faced this year, in spite of the inherent weakness in the global economy, say economists at the ASEAN+3 Macroeconomic Research Office (AMRO). 

“Singapore’s growth is expected to slow to 0.6% in 2019, before picking up to 1.1% in 2020,” observes AMRO’s lead economist, Chaipat Poonpatpibul. The recovery, he adds, will come with improving global trade volumes as semi-conductor exports bottom out.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook