Singapore expected to lag regional peers in retail sales: report
But its affluent population offers stability; Indonesia seen leading growth in region, followed by M'sia
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Singapore
THE growth of Singapore's retail sector is expected to underperform its regional peers, but an affluent population could provide stability especially in luxury goods, according to a study by Frost & Sullivan.
Using forecasts by the Economist Intelligence Unit, the study reported estimated annualised growth of 15.5 per cent from 2015 to 2018 for the combined retail sales of Indonesia, Malaysia, Singapore and Thailand, to US$1 trillion.
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