gross domestic product (GDP)

Singapore's weak 1Q GDP growth signals tough times ahead: RHB

SINGAPORE (May 28): RHB Research is turning negative on Singapore’s short-term economic outlook on expectations of a prolonged slowdown in the electronics sector as well as weaker global growth prospects.

As such, the research house is revising its 2019 GDP growth estimate downward to 1.8% from 2.5% previously.

Singapore posts 3.8% growth in first quarter as risks abound

(May 21): Singapore’s economy grew at a faster pace in the first quarter than the government previously estimated, a sign of the city state’s resilience in the face of weaker global demand and a worsening US-China trade war.

Gross domestic product rose an annualised 3.8% from the prior quarter, higher than the government’s earlier projection of 2% and above the median forecast of 2.3% in a Bloomberg survey of economists. Compared to a year ago, GDP rose 1.2%.

Singapore's 2019 GDP growth forecast to moderate to 2.4% on external headwinds

SINGAPORE (Mar 18): The Institute of Chartered Accountants in England and Wales (ICAEW) is expecting Singapore’s GDP growth to moderate to 2.4% in 2019 from 3.2% in the previous year, against the backdrop of a more challenging environment for exports and the manufacturing sector.

This is according to the institute’s latest Economic Insight: South-East Asia report, which is produced by Oxford Economics, the institute’s partner and economic forecaster.

Bright spots to be found in bleak 2019 global growth outlook: Fitch

SINGAPORE (Jan 18): Fitch Ratings says decent US domestic demand and real GDP growth of over 6% for China are still two achievable scenarios in 2019, in spite of market concerns of a sharp downturn in growth this year.

According to a note issued by Fitch on Thursday, the ratings agency says the broad contours of its Dec 2018 Global Economic Outlook (GEO) forecasts for 2019 – which entail above-trend growth in the US and policy easing preventing growth dipping below 6% in China – still look intact.

Don't let your investing guard down in 2019, says RHB

SINGAPORE (Dec 26): RHB Research is targeting 3,300 for the Straits Times Index (STI) by end-2019 and advises investors to remain defensive amid anticipated volatility in the year ahead – by focusing on buying stocks that offer stable earnings, strong balance sheets and sustainable dividends.

The research house’s caution comes despite inexpensive overall market valuations, in the research house’s view, with the STI trading at 12.7 times its one-year forward P/E at the -1SD band as at the close of Dec 13.

Trade protectionism the biggest threat to Singapore's economy: MAS survey

SINGAPORE (Dec 12): Trade protectionism is cited as the top risk among local economists, as suggested by the latest findings of the Monetary Authority of Singapore’s (MAS) Dec 2018 survey of professional forecasters, which reflect the views of 23 economists and analysts who closely monitor the Singapore economy.

Based on the latest survey’s findings, 100% of respondents cited an intensification of US-China trade tensions as a downside risk – up from 89% in the previous survey for Sept 2018.

Global GDP growth to ease in 2019, dragged by emerging markets & China: Oxford Economics

SINGAPORE (Oct 18): Oxford Economics is anticipating a slowdown in global economic growth from this year’s 3.1% to 2.8% in 2019, a forecast that comes in slightly below consensus to reflect its pessimistic views on emerging markets (EM) and in particular, China.

The research firm continues to see a moderate, slightly sharper slowdown in global GDP growth for 2019 on the back of negative effects associated with higher US bond yields and a stronger USD.

Trade protectionism, China economy seen as increasingly risky to Singapore's GDP growth

SINGAPORE (Sept 5): The Singapore economy is forecast to expand by 3.2% this year before growth eases to 2.7% in 2019, according to the latest survey of economists and analysts conducted by the Monetary Authority of Singapore (MAS).

Both full-year forecasts remain unchanged from the previous month’s survey, whose mean probability distribution reflected that the most likely outcome is for Singapore’s gross domestic product (GDP) to grow between 3-3.4% this year and within the range of 2.5-2.9% in the next year.

MTI foresees slower 2H for Singapore's economy; maintains 2018 GDP growth forecast at 2.5-3.5%

SINGAPORE (Aug 13): The Ministry of Trade and Industry (MTI) expects Singapore’s economic pace of expansion to moderate in 2H18 against an external backdrop of a weakening global growth outlook, as well as increased uncertainties and risks in the global economy.

This comes even as MTI maintains its GDP growth forecast for 2018 at 2.5-3.5%, highlighting the “strong performance” of the Singapore economy in the first half of the year.

Singapore GDP growth eases to one-year low: MTI prelim data

SINGAPORE (July 13): Singapore’s economy expanded at a slower pace than forecast in the second quarter, clouding the outlook for the export-reliant city state at a time when global trade risks are rising.

Gross domestic product rose at a seasonally adjusted, annualised rate of 1% from prior three months, according to preliminary data from trade ministry on Friday. The Bloomberg survey median was 1.3%.

Growth was weakest since a contraction in the first quarter of 2017, data showed. GDP expanded 3.8% from a year earlier, compared with the median estimate of 4.1%.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter