GDP growth

Singapore leads the way in regional online recruitment activity: Monster
SINGAPORE (Nov 20): Singapore is set to continue on its upward hiring trajectory this year given its strong position in the market, as highlighted by the third quarterly Monster Employment Index (MEI) report by Monster, the online career & recruitment platform. According to the Monster MEI report, overall online hiring activity in Singapore remained on an upward trend with 2% growth for ...
Singapore set for slower but 'enduring' growth: MAS
SINGAPORE (Oct 26): Singapore's economy is poised for slower but "enduring" growth even as trade tensions remain at the forefront of considerations for global growth prospects, the city-state’s central bank sid in a Friday report. Singapore’s economy will likely grow in the upper half of the earlier forecast range of between 2.5% and 3.5% this year, before moderating slightly in 2019, the ...
US protectionism and China deleveraging pace big worries for Asian stock investors: BlackRock
(June 20): While economic fundamentals and earnings results remain strong, the MSCI AC Asia Pacific index has underperformed the MSCI AC World Index year to date. What has happened? Equity markets plummeted in late January 2018 driven mainly by technical factors, but we were confident that the underlying drivers of corporate earnings remained solid. Global growth prospects were strong even ...
World Bank raises East Asia's 2018 GDP outlook, but wary of trade war
(Apr 12): The World Bank raised its growth forecast for East Asia and the Pacific for 2018, but warned that a possible US-China trade war could harm growth in countries that are part of the Chinese goods supply chain. The Washington-based lender said in a report on Thursday it expected 2018 growth in the developing East Asia and Pacific (EAP) region, which includes China, to expand 6.3%, a ...
Is Singapore funding its rising social spending the right way?
SINGAPORE (Mar 5): The unveiling of the Budget for 2018 has triggered a healthy debate on how the likely pressures for more government social spending in Singapore should be funded. The government has proposed a two-percentage-point rise in the Goods and Services Tax (GST) after 2021, believing that this would be the best option of the alternatives available. There are three key considerations ...
Domestic-oriented activities to give Singapore economy greater boost in 2018, says HSBC
SINGAPORE (Dec 18): HSBC Global Research says Singapore’s domestic economy could improve, even as GDP growth is forecast to ease to 2.7% in 2018, from the 3.3% expected in 2017. “It’s been a blockbuster year for Singapore. Rising external demand has led to a strong pick-up across the manufacturing sector this year, but semiconductors have contributed to most of the upside growth ...
Here's why CIMB is adding these 2 stocks to its top picks
SINGAPORE (Oct 13): CIMB Research is upbeat on Singapore’s manufacturing and property sectors amid advance estimates from the Ministry of Trade and Industry (MTI) that put GDP growth at 4.6% year-on-year in 3Q17. The research house has “overweight” ratings on both sectors. In a flash note on Friday, CIMB analyst Lim Siew Khee says the growth was led by “a sharp acceleration in ...
Analysts raise Singapore 3Q GDP view, but 2017 outlook steady: MAS
SINGAPORE (Sept 6): Economists have raised their forecasts for Singapore's economic growth in the third quarter, with manufacturing activity likely to remain solid after a strong first half, a central bank survey showed on Wednesday. The quarterly survey by the Monetary Authority of Singapore (MAS), however, showed no change in the economists' median forecasts for full-year growth in 2017 and ...
AI to drive productivity, add US$15.7 trillion to GDP in 2030
SINGAPORE (June 27): New research is putting to bed any doubt that machines are poised to take over the world. Or the business world, at least. Artificial intelligence (AI) will contribute some US$15.7 trillion ($21.8 trillion) to the global economy in 2030, according to PwC in a report released Tuesday. Titled “Sizing the prize”, the research points to a 14% rise in global GDP as a ...
Economists raise 2017 Singapore growth forecast: MAS survey
SINGAPORE (June 14): Economists raised their forecasts for Singapore's growth this year, compared to three months ago, as they upgraded their views on manufacturing and bank lending, a central bank survey showed on Wednesday. The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) was for gross domestic product (GDP) to grow 2.5% in 2017, up from the 2.3% ...