The Business Times

global GDP

Economy & Policy

Singapore’s growth outlook turns more cautious as US tariffs deliver ‘negative shock’: MAS

Manufacturing, financial services are expected to be hurt most

Broadly conducive economic conditions and the upswing in the tech cycle should support Singapore's growth, MAS says.
Singapore

Close to 60% of Singapore’s industries record ‘above average’ growth by Q3 2024; external environment conducive: MAS

But while near-term prospects are clear, 2025’s outlook is more uncertain

The World Bank now calculates that global spending, across all countries and in a variety of currencies, had a purchasing power of US$174 trillion in 2022, almost US$7 trillion more than its prior estimate for the same year.
Opinion & Features
PERSPECTIVE

Why global GDP might be US$7 trillion bigger than everyone thought

The discovery has perturbed Chinese officials

Before the Covid-19 pandemic, immigrants to America were as likely to have a bachelor’s degree as their local-born peers. Today’s newcomers are more likely to have trekked from poor parts of Latin America.
Opinion & Features
THE BROAD VIEW

Immigration is surging, with big economic consequences

The West faces an unprecedented number of new arrivals

IMF managing director Kristalina Georgieva warns that a toxic mixture of weak productivity, a retrenchment in globalisation, and frequent bouts of geopolitical turmoil will drag growth down to paltry levels and, in so doing, sow the seeds of “popular discontent” with mainstream politics.
Opinion & Features

Is the global economy stumbling into ‘the tepid Twenties’?

Growth is picking up in the short term, but, fears are mounting of a stagnant decade, with bleak political consequences

Economic fallout from climate change, could increase tens of trillions of dollars per year by 2100 if the planet were to warm significantly beyond two degrees Celsius above mid-19th century levels.
International

Climate impacts set to cut 2050 global GPD by nearly a fifth

Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about US$38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, r...

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