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Firms more optimistic about business prospects in Q4 though profits declined: survey

Tessa Oh

Tessa Oh

Published Wed, Feb 9, 2022 · 03:16 AM

    SINGAPORE firms are much more optimistic about business prospects for the next 6 months, compared to the third quarter of 2021, the latest quarterly Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey has found.

    The survey consultants also see gross domestic product (GDP) growth for Q1 2022 possibly coming in at between 6.8 and 7.3 per cent.

    The survey, conducted between Dec 16, 2021 and Jan 14, 2022, showed that business performance has strengthened in Q4 2021 compared to a quarter ago.

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