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Despite these positive economic signals, the overall outlook remains uncertain. Companies’ ability to plan and invest requires predictability, but all signs suggest US President Donald Trump is not done with his tariffs, after a string of sector-specific tariffs that have been announced or suspended on short notice.
Singapore will be more greatly affected by these external developments rather than domestic consumption, especially if growth among key trading partners such as China and the US slows.
Economic data shows China is still in deflation, while inflation in the US has started trending up again. There were concerns about whether the Fed made the right move at a tricky time when the US job market is weak and inflation has been sticky. US analysts are even forecasting that the US economy might be headed for stagflation.
Easily done by reducing taxes. By right, a strong currency regine should have low inflation. But n sinkie, all undone by high indirect taxation. And high subsidies too on mrt buses.
Easily done by reducing taxes. By right, a strong currency regine should have low inflation. But n sinkie, all undone by high indirect taxation. And high subsidies too on mrt buses.