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Singapore's building sector set to grow but downside risks loom
Growth slowdown, possibility of US recession, subdued private consumption will weigh on demand, says Fitch
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Published Wed, Jul 10, 2019 · 09:50 PM
Singapore
THE residential and non-residential building sector in Singapore will grow at 3.2 per cent this year and 2.3 per cent in 2020, supported by a strong pipeline of projects, according to Fitch Solutions Macro Research.
But the firm warned of risks to its forecasts which include uncertainty surrounding US-China trade tensions and the possibility of a recession occurring within the next few quarters.
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