DBS: Is GNI a more useful measure as firms go abroad?

Singapore

SINGAPORE can overcome its "productivity trap" by expanding regionally and tapping higher growth elsewhere, said DBS economists Irvin Seah and Ma Tieying in a report released on Thursday.

"If productivity/GDP growth cannot be lifted above other advanced countries' due to an ageing population and a shrinking labour force, then investing overseas may help overcome the growth limitations," said the DBS Group Research team.