SUBSCRIBERS

S'pore becoming more reliant on services sector

ICAEW says the manufacturing sector is expected to remain subdued during the coming year and reckons that economic growth is unlikely to hit 3.3 per cent until 2018

Mindy Tan

Published Mon, Mar 14, 2016 · 09:50 PM

Asean

Singapore

DOMESTIC non-oil exports - and hence the manufacturing sector - are expected to remain subdued over the coming year, leaving the economy reliant on the services sector, according to ICAEW's latest Economic Insight: South East Asia report, which also posits that Singapore's economic growth is unlikely to hit 3.3 per cent until 2018.

Stronger government investment and solid spending by households are expected…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes