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Services 'not strong enough' to mitigate Singapore economy's slowdown

Domestic sectors offer little shelter as global trade woes bite, analysts warn; even promising sectors too small to arrest slide

MTI says sectors such as health and social services are where "growth is expected to be resilient, supported by the ongoing ramp-up of operations in healthcare facilities".


WITH manufacturing caught in the doldrums, Singapore's services sector may seem like a lifeline for optimists hoping for economic growth.

But it is unlikely that services - which fed nearly 70 per cent of last year's nominal gross domestic product (GDP) - could pull...