More trouble ahead for Asian economies in 2016: Nomura

[krafty]

Singapore is also included in the "negative" camp, a downgrade from last year's "neutral" status, with a subdued forecast of 1.8 per cent gross domestic product (GDP) growth.

"While the economy avoided a technical recession in 2015, we struggle to find cause for greater optimism in 2015 as we expect global growth to remain tepid," according to Nomura's 2016 outlook report. In addition, a slowing property market and lackluster productivity growth due to higher interest rates and deteriorating demographics, will contribute significant downsides to Singapore's economy.

http://www.channelnewsasia.com/news/business/more-trouble-ahead-for/2345150.html

 

[Ambulance]

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[gingerlyn]

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