30-01-2017, 01:54 PM
okay, just back from cny holidays!
1st read, MTI survey report of cos! old one lah...
https://www.mti.gov.sg/ResearchRoom/Site...R_3Q16.pdf
sectors. For the rest of the year, Singapore’s GDP growth is expected to remain modest. Sectors such as electronics, information & communications and “other services industries” are likely to continue to support growth, while the wholesale trade and finance & insurance sectors could continue to face external headwinds.
Against this backdrop, the growth outlook for the Singapore economy remains modest in 2017. The manufacturing sector is expected to see an improvement in performance on the back of sustained global demand for semiconductors and semiconductor equipment, although the marine & offshore engineering segment and firms supporting the global oil & gas industry are expected to continue to face weak demand conditions amidst low oil prices.
Tourism-related sectors are likely to benefit from a boost in travel demand as the global economic outlook improves. At the same time, sectors such as information & communications and “other services industries” are likely to continue to support growth.
On the other hand, externally-oriented services sectors such as finance & insurance and wholesale trade are expected to remain sluggish.
Taking into account the above factors, and barring the full materialisation of downside risks, the Singapore economy is expected to grow at a modest pace of “1.0 to 3.0 per cent” in 2017.
1st read, MTI survey report of cos! old one lah...
https://www.mti.gov.sg/ResearchRoom/Site...R_3Q16.pdf
sectors. For the rest of the year, Singapore’s GDP growth is expected to remain modest. Sectors such as electronics, information & communications and “other services industries” are likely to continue to support growth, while the wholesale trade and finance & insurance sectors could continue to face external headwinds.
Against this backdrop, the growth outlook for the Singapore economy remains modest in 2017. The manufacturing sector is expected to see an improvement in performance on the back of sustained global demand for semiconductors and semiconductor equipment, although the marine & offshore engineering segment and firms supporting the global oil & gas industry are expected to continue to face weak demand conditions amidst low oil prices.
Tourism-related sectors are likely to benefit from a boost in travel demand as the global economic outlook improves. At the same time, sectors such as information & communications and “other services industries” are likely to continue to support growth.
On the other hand, externally-oriented services sectors such as finance & insurance and wholesale trade are expected to remain sluggish.
Taking into account the above factors, and barring the full materialisation of downside risks, the Singapore economy is expected to grow at a modest pace of “1.0 to 3.0 per cent” in 2017.