You are here

Global economy stumbles, but Singapore uptick still seen

Export demand is less likely a problem for growth than domestic labour market tightness and rising US interest rates

3260128354.jpg
The global economy - which Singapore now relies on more heavily to support growth given domestic restructuring's drag - has been handed a negative report card in a week heavy with economic data: Japan fell unexpectedly into recession, the eurozone's recovery stalled and China's factory output shrank.

Singapore

THE global economy - which Singapore now relies on more heavily to support growth given domestic restructuring's drag - has been handed a negative report card in a week heavy with economic data: Japan fell unexpectedly into recession, the eurozone's recovery stalled and China's