Rotten Period takes over Golden Period in Singapore

[Leepotism]

Photo credit: forwardstl​

Singaporeans report biggest loss of business confidence in Q3 2011


63% are losing business confidence and 80% expect the global economy to stagnate or deteriorate further.
According to a relase, like other small, open economies, Singapore has been particularly affected by economic trends in the last quarter. However, while respondents here have traditionally been among the most optimistic among the Association of Chartered Certified Accountants’s major markets, in the last quarter Singapore, where there were 100 respondents, reported the biggest net loss of confidence of any major ACCA market, with 63% reporting a loss of business confidence and 80% expecting the global economy to stagnate or deteriorate further.
Demand is at the heart of this trend, with new orders falling and few new opportunities springing up in their place. As a result, investment, which had been rising in net terms until mid-2011, has also suffered.
Uniquely, respondents in Singapore were also more likely this quarter to report problems with exchange rate fluctuations.
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Tags: Singapore business confidence, Association of Chartered Certified Accountants

 

[Agoraphobic]

Whether the overall state of (economic) affairs in Peesai is up or down is because of three things:

1. Location
2. Location
3. Location

Whether other factors determine her state of affairs comes in AFTER these.

Cheers!

 

[johnny333]

From my observations I notice plenty of businesses are struggling. The recent round of price increases didn't help. I don't see how the PAP expects to win the next GE. If Sporeans are unemployed & desperate they won't be afraid to vote for the opposition

 

[Received_by_Kings]

This must be a joke page.

 

[Leepotism]

http://sbr.com.sg/hr-education/news/singaporeans-report-biggest-loss-business-confidence-in-q3-2011

 

[Leepotism]

Singapore avoids technical recession, growth outlook dims
Published on Oct 14, 2011
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<!--start of story text-->Singapore narrowly avoided a technical recession by growing 1.3 per cent in the third quarter from the second quarter.
Growth was boosted by the pharmaceuticals sector, but growth prospects have weakened and the Ministry of Trade and Industry narrowed its growth forecast for the full year from 5 per cent to 6 per cent to 'around 5 per cent'.
With the growth outlook deteriorating due to the euro zone debt crisis and weakening growth in the United States, the Government said that Singapore will likely grow below its potential growth rate of 3 per cent to 5 per cent next year.
Economists said the focus has now turned from inflation to growth. The Monetary Authority of Singapore eased monetary policy, by reducing the slope of the exchange rate band, allowing for a slower pace of strengthening of the Singapore dollar.
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