SINGAPORE: While Singapore dodged a technical recession in the second quarter, economists remain gloomy on the outlook for the year, saying the economy is likely to stay stagnant and recover
in the second quarter, economists remain gloomy on the outlook for the year, saying the economy is likely to stay stagnant and recovery is uncertain.In May, the Ministry of Trade and Industry had maintained its 2023 growth forecast for Singapore at 0.5 to 2.5 per cent.
“The lag impact to that is still feeding through. As those economies slow, that will weigh on import demand and this means the chances of a strong pickup in the second half of the year, or even in 2024, are rather slim,” he said. The initial shine of China’s reopening at the start of the year, which was widely expected to significantly boost regional economies, has also fizzled out, Mr Tan said.
The rebounded helped Singapore escape a technical recession, commonly defined as two consecutive quarters of negative growth in real GDP. This is due to a sluggish economy and a tight labour market where many businesses are still struggling to find enough workers, he said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Interest Rates & Returns for Singapore Savings Bonds (SSB) July 2023 - Singapore NewsThe Singapore Savings Bond (SSB) is fully backed by the Singapore Government. No capital loss will be incurred, and you can always get your investment amounts back.
続きを読む »
Gan Siow Huang lends support to Team Singapore ahead of World Youth Tchoukball Championship - Singapore NewsTckhouball’s popularity is soaring in Singapore following the outstanding performance of the national women’s tchoukball team, which secured the top spot in the world rankings earlier this year
続きを読む »
Ong Beng Seng, Iswaran and Formula One Singapore Grand Prix - Singapore NewsHe was questioned by the Corrupt Practices Investigation Board (CPIB) about his interactions with Singapore Transport Minister S Iswaran, who is also under investigation.
続きを読む »
Temasek reports worst returns since 2016, sees S$7 billion net loss - Singapore NewsThe firm is an investor in Chinese financial services company Ant Group, founded by Jack Ma. The company had been subjected to hundreds of millions of dollars in fines.
続きを読む »
Meet the newest Top 18 chefs competing for MasterChef Singapore! - Singapore News“For the FIRST TIME EVER, 18 talented home cooks will be divided into 3 teams of 6, each led by one of our resident judges. MasterChef Singapore is back with a twist, igniting the kitchen with team battles and Singaporean flavours!” the post's caption read
続きを読む »
Stories you might’ve missed, July 12 - Singapore NewsHere are the top stories published today...
続きを読む »