Singapore firms should brace for fallout starting next week

Singapore

COMPANIES in Singapore should brace themselves for impact on Monday and in the next few weeks following the results of the United Kingdom elections.

And should the uncertainty wear on, it could threaten the slow but strengthening growth trajectory of the Singapore economy, observers told The Business Times on Friday. In separate interviews, they told BT that the volatility in markets and fluctuations in the British pound would likely play out over the next few weeks, with the brunt of it hitting Singapore on Monday.