Rising global economic tide may not lift Singapore's boat
Structural changes in global trade and China, weakening domestic fundamentals could decouple next year's global recovery from Singapore economy
Singapore
THE global outlook is forecast to improve in the coming year but Singapore may not be riding that wave.
Economists cited several structural hurdles for the disconnect between global growth prospects and Singapore's trade and export-oriented economy.
Any benefits the Republic can reap from a brighter 2017 world economy will also be tempered by the health of its economy. "This time it's different," said Francis Tan, UOB economist. "Unlike in the past where there seemed to be quite a correlation between global growth and Singapore's growth, sadly there's a disjoint now."
The World Bank…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'