Singapore economy under threat from high leverage, rising redundancies: IMF

[yahoo55]

http://sbr.com.sg/economy/in-focus/...-rising-redundancies-imf#sthash.YPE2c3Mi.dpuf

Singapore economy under threat from high leverage, rising redundancies: IMF

Published: 11 May 2016


The domestic economy will continue to weaken as muted global growth takes its toll on Singapore, according to the International Monetary Fund.

The city-state's GDP growth is expected to slow further to 1.8% this year as the full impact of the slowdown in global trade and capital outflows experienced in 2015 are felt and private investment is held back by the uncertainties on the horizon.

"Risks to the outlook are tilted to the downside. A sharper-than-expected slowdown in global growth is the most important short-term external risk," said the IMF.

The IMF also noted that the global slowdown could manifest itself through a significant downshift in China and other large emerging economies as well as weak growth in key advanced economies.

"Tighter or more volatile global financial conditions could lead to sharp asset price declines, a rise in credit spreads and a surge in the U.S. dollar. These external risks could be magnified by, and interact with, domestic vulnerabilities from elevated levels of leverage," the IMF added.

The labour market is also projected to weaken further this year, as companies report little appetite to hire and bank credit remains subdued.

 

[batman1]

Also,very very very high costs of government.

 

[enterprise2]

Still within gahment range of 1-3%

 

[yahoo55]

 

[yahoo55]

Manufacturing Slump and Export Crash

 

[enterprise2]

Yes it looks bad. But gahment still got billions to pump...expect more construction projects. Maybe Pinky will feel inspired again and announce some major moves..., how about moving some SAF camps from one end to another end? Or build some new islands somewhere? Time to play Bob the builder!

 

[mojito]

Dun worry. High leverage refers to household debt. It is good lesson in thrift. Rising redundancies is for wage slaves in cyclical industries. State coffers are flush, I no scare lose job.

 

[eatshitndie]

what? i see sinkies lining up in the sun waiting their turn at air-conned eateries, having a good time, enjoying themselves, oblivious to any naysaying doom and gloom being spewed online.

 

[Alamakinky]

Which one is Claire?......the fatty with the glasses...who is not in the queue?

what? i see sinkies lining up in the sun waiting their turn at air-conned eateries, having a good time, enjoying themselves, oblivious to any naysaying doom and gloom being spewed online.

View attachment 26560

 

[yahoo55]

 

[eatshitndie]

Which one is Claire?......the fatty with the glasses...who is not in the queue?

if claire is in there she's most likely the tallest chiobu in blue outfit. and right next to her gesturing with hand must be sue.

 

[yahoo55]

http://www.straitstimes.com/lifestyl...nd-no-shoppers

No tenants... And no shoppers

Published: 28 April 2016

 

[yahoo55]

http://sbr.com.sg/economy/news/char...smes-growth-hopes-vanish#sthash.9HEjva3z.dpuf

Chart of the Day: Business outlook hits record low as SMEs' growth hopes vanish

Published: 09 May 2016


Both the services and manufacturing sectors are mired in pessimism.

Business sentiment in Singapore has dipped to its lowest level in six years as firms grapple with slowing domestic growth and sluggish external demand, according to the latest Macroeconomic Review by the Monetary Authority of Singapore.

This chart shows that business sentiment has deteriorated sharply in both the manufacturing and services sectors. Latest surveys by the Economic Development Board (EDB) and the Department of Statistics (DOS) show that the general business outlook for manufacturing and services are at their lowest levels since Q1 2009 and Q4 2011m respectively.

Further, the employment outlook for the services sector is at a net weighted balance of −4%, one of the poorest readings since the Global Financial Crisis.

"Going forward, given the more downbeat external outlook, corporate margins could come under further strain in the near term. While the weakness in the outlook was mainly confined to the trade-related industries last year, it appears to have spread to other sectors in recent months,” the MAS said.

 

[frenchbriefs]

"Tighter or more volatile global financial conditions could lead to sharp asset price declines, a rise in credit spreads and a surge in the U.S. dollar. These external risks could be magnified by, and interact with, domestic vulnerabilities from elevated levels of leverage,

HUAT AH!!!!!

 

[yahoo55]

http://sbr.com.sg/retail/news/chart...cord-high-retailers-exit#sthash.P7HQRvhK.dpuf

Chart of the Day: Mall vacancy rate hits record high as retailers exit

Published: 06 May 2016


Island-wide vacancy hit 7.3% in Q1.

Prices and rentals of retail space in Singapore continued to slide in the first quarter, while the overall vacancy rate inched up to its highest level in at least five years.

Statistics from the Urban Redevelopment Authority (URA) show that the island-wide vacancy rate of retail space rose to 7.3% as at the end of Q1, from 7.2% at the end of the previous quarter. The vacancy rate at Orchard Road jumped to 8.8% from 7.6% in the previous quarter, while vacancy at outlying regions inched up to 6.4% from 6.1% in Q4.

Meanwhile, prices of retail space decreased by 1.9% in the first quarter, compared to the decrease of 0.1% in the previous quarter. Rentals of retail space decreased by 1.9% during the period, compared to the decrease of 1.3% in the previous quarter.

"Most retailers remained highly cautious about expansion plans as they focus on evaluating existing operations strategies. There were also retailers who decided to shut some stores and/or exit the market entirely, creating more vacant spaces to be filled," CBRE said.

"Demand is likely to stay patchy. This does not bode well for overall occupancy with more supply due to complete from now till 2019," CBRE added.

 

[jw5]

Forget about leverage and redundancies. Just check out the aircon kopiroti outlets in shopping malls. Crowded means things are ok.

 

[eatshitndie]

Forget about leverage and redundancies. Just check out the aircon kopiroti outlets in shopping malls. Crowded means things are ok.

also, sinkies are cycling everyday in attas gear and having kopi and mee pok ta from 8am to 9am - proof that things are well as they are either retired young or don't have to go to work until 10am. conclusion: sinkies are very relaxed and happy now.

 

[jw5]

also, sinkies are cycling everyday in attas gear and having kopi and mee pok ta from 8am to 9am - proof that things are well as they are either retired young or don't have to go to work until 10am. conclusion: sinkies are very relaxed and happy now.

View attachment 26563

Atas gear definitely another indication that things are well, however kopi and mee pok in kopi tiam is not. The ah peks still have to eat and drink somewhere before they start gossiping.

 

[frenchbriefs]

This is stupid,every place in sg is crowded,u expect to find someplace thats not crowded?by shear human mass alone.human beings are like air particles,thru osmosis we are constantly expanding like the universe to fill whatever space is unoccupied.even the shittiest eatery or restaurant can survive in singapore simply because everywhere else is crowded.u wouldnt catch me riding the train if theres a less crowded way to travel.

 

[virus]

Dun worry. High leverage refers to household debt. It is good lesson in thrift. Rising redundancies is for wage slaves in cyclical industries. State coffers are flush, I no scare lose job.

and high cleverage leads to another cheebye erection