Firms more optimistic about prospects in Singapore than overseas for next 6 months: BT-SUSS poll

BUSINESSES are more bullish about prospects in Singapore than overseas in the next 6 months, although firms are on the whole less optimistic than they were a quarter ago, according to the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey.

Commenting on the findings, OCBC chief economist Selena Ling said: “If you think of the events that unfolded in Q1, there were some formidable headwinds that come to mind.”

The Russia-Ukraine war, the US Federal Reserve’s increasing hawkishness and China’s slowdown are factors that target all 3 of Singapore’s major markets - the United States, the eurozone and China, she noted.