recession

Cloudy with a chance of recession

SINGAPORE (July 19): Consecutive releases of depressing economic data have dampened sentiment and raised the spectre of Singapore’s falling into a recession. Policymakers and economists have recalculated their growth projections and the results are grim: The economy is forecast to expand as little as zero to 1% this year.

Yet, a downturn should come as no surprise. The protracted, tit-for-tat trade war between the US and China, as well as lingering global economic sluggishness, is bound to take its toll on Singapore’s small, very open and trade-dependent economy.

Singapore's $700 bil stock market looks past recession risk

SINGAPORE (July 19): Investors are sanguine about Singapore’s equity market even as the nation faces the risk of a technical recession, as a positive outlook for dividends and earnings overshadows threats from the US-China trade spat.

Singapore’s trade-reliant economy unexpectedly contracted by 3.4% in the June quarter from previous three months, reflecting sluggish global trade and electronics cycles. Following the data release, the International Monetary Fund on Monday cut Singapore’s 2019 growth forecast to 2% from 2.3%.

Cloudy with a chance of recession

SINGAPORE (July 22): Consecutive releases of depressing economic data have dampened sentiment and raised the spectre of Singapore’s falling into a recession. Policymakers and economists have recalculated their growth projections and the results are grim: The economy is forecast to expand as little as zero to 1% this year.

Yet, a downturn should come as no surprise. The protracted, tit-for-tat trade war between the US and China, as well as lingering global economic sluggishness, is bound to take its toll on Singapore’s small, very open and trade-dependent economy.

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Briefs

SINGAPORE (July 22): “Carrying around their cup was a status symbol. They were the first store in New York to offer extra virgin olive oil. Now Amazon has extra virgin olive oil. Everyone has extra virgin olive oil.”Restaurant critic Joshua David Stein, on reports that premium grocer Dean and DeLuca’s is struggling to survive after 42 years in the business.

Trump threatens to impose more tariffs on China

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Down, not out

Singapore needs to rethink its game plan to tackle mounting global uncertainties and domestic challenges to its economy

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Singapore's shock contraction sends warning for world trade

SINGAPORE (July 12): An unexpected contraction in Singapore’s economy sent a warning shot to the world economy as simmering trade tensions wilt business confidence and activity.

Gross domestic product in the export-reliant city-state shrank an annualised 3.4% in the second quarter from the previous three months, the biggest decline since 2012. That was worse than the 0.5% expansion forecast in a Bloomberg survey of economists and followed growth of 3.8% in the first quarter.

Singapore considers cut to growth forecast as trade war hits exports

(June 27): Singapore's central bank is reviewing its 1.5-2.5% economic growth forecast for this year and isn't ruling out off-cycle monetary easing as the US-China trade war roils the export-dependent economy, its chief Ravi Menon said on Thursday.

Singapore's economy is expected to grow at its slowest pace in a decade this year, and some are predicting a recession in 2020, with the high-tech manufacturing hub more vulnerable to the trade war than others in Southeast Asia.

Recession not yet a worry – for now, says SSGA

SINGAPORE (June 25): Rising US-China trade tensions have heightened fears of a recession, but asset manager State Street Global Advisors remains upbeat on global economic growth – at least for now.

In its mid-year global outlook published Tuesday, SSGA says it continues to see room for moderate global economic growth, on the back of a more accommodative policy stance by the US Federal Reserve.

Briefs

SINGAPORE (June 24): “It seems Trafigura thinks they are smarter than the market when valuing securities.”Iceberg Research, headed by Arnaud Vagner, as it accuses Amsterdam-based commodities trader Trafigura Group of overstating assets

China-North Korea summit

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How different assets perform in an economic slowdown

(June 19): It appears that the US is entering the slowdown phase of the economic cycle. But what might that mean for returns across asset classes? And can a recession be avoided?

For the first time in two years, the Schroders US output gap model is signalling a change in the US business cycle. It suggests the economy is moving from “expansion” to “slowdown” (the other two stages in the cycle being “recession” and “recovery”).

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