GDP growth is expected to register 1.4% in 2020 while inflation should remain manageable at 1.1% next year. Download from the SPH Digital News / Copyright © 2020 Singapore Press Holdings Ltd. Co. Regn. "Notwithstanding the downgrade, there continues to be a significant degree of uncertainty over the length and severity of the COVID-19 outbreak, as well as the trajectory of the economic recovery, in both the global and Singapore economies," it said.The downgrade in economic forecasts came as the Southeast Asian economy registered a 0.7% contraction in the first quarter from a year ago, the ministry said. Irvin Seah, Philip Wee, Eugene Leow, Joanne Goh / November 18, 2019. Singapore economy Singapore factory output continues decline with 6.7% drop in June SINGAPORE'S factory output fell for the second straight month in June, dragged down by the volatile biomedical cluster, according to preliminary data on Friday. No. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Subscribe to [TOKYO] After helping fuel a remarkable surge in Japan's employment rolls - in the face of a declining population -...CATALIST-LISTED Libra Group and its sole operating subsidiary have been given interim debt moratoria until an...FORMER disk drive maker Datapulse Technology is working towards reopening its hotel in Seoul in October 2020, even...[SINGAPORE] Societe Generale is closing its trade commodity finance unit in Singapore after the collapse of Hin...By signing up, you agree to our © 2020 SINGAPORE PRESS HOLDINGS LTD. REGN NO. Singapore has dropped its GDP forecast to a contraction range of -7 per cent to -4 per cent. Singapore drastically downgraded its economic forecast for 2020 after its coronavirus-hit economy contracted in the first quarter of the year, official data showed on Tuesday. Singapore Economic Outlook. In the latest Monetary Authority of Singapore (MAS) quarterly survey of professional forecasters, the median forecast was for 1.5 per cent growth in 2020, with the most probable growth range being 1.5 to 1.9 per cent. SINGAPORE'S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel coronavirus outbreak be more severe than anticipated, a scenario that economists say could set the stage for further monetary easing...*$0.99/month for first 3 months$29.90/month for the next 9 monthsOPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PMFor daily updates on weekdays and specially selected content for the weekend. ... Singapore - Economic Forecasts - 2020-2022 Outlook. S&P had revised its real GDP, inflation policy rate and unemployment rate forecasts in its latest update.Read the latest on the Covid-19 situation in Singapore and beyond on our Get The Straits Times app and receive breaking news alerts and more. The trade ministry said, as the bellwether economy is expected for its deepest ever recession. This page has economic forecasts for Singapore including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Singapore economy. All this is because of the two-month lockdown.Due to a surge in demand for pharmaceuticals, exports have been one of the very few bright spots for the economy in recent times.The city-state reported one of the highest number of infections in Asia and is planning to ease the lockdown from next month in a gradual manner.Singapore’s finance minister is all prepared to deliver the latest in a update on the multi-billion-dollar economic packages to provide some relief to businesses and households on Tuesday. SINGAPORE ECONOMY News - Find latest News & top stories about SINGAPORE ECONOMY. The trade ministry said, as the bellwether economy is expected for its deepest ever recession.Singapore’s economy in the first quarter contracted 0.7 per cent year on year and 4.7 per cent on a quarter on quarter, a less threatening decline than advance estimates, but officials and analysts warned of more pain ahead. Since then, the disruptions to economic activity in major economies around the world have been more severe than expected. Singapore cuts 2020 GDP outlook again as virus batters economy By Aradhana Aravindan and John Geddie 5/26/2020 Mount Rushmore hasn't had fireworks for more than a … SINGAPORE (THE BUSINESS TIMES) - Singapore's economy may contract 0.8 per cent this year from the impact of The credit ratings agency is also expecting economic contraction in Hong Kong, South Korea, as well as a newly deflationary Japan. This is within the higher half of the Ministry of Trade and Industry's forecast range of 0.5 to 2.5 per cent. As of Monday, Singapore has confirmed 31,960 cases including 23 deaths, according to its health ministry. 198402668E
Economic Outlook for 2020 In March, MTI highlighted that the escalation of the COVID-19 outbreak worldwide had led to a significant deterioration in the external economic environment.
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