Singapore's economy headed for slowest pace of growth in six years, says DBS

[dancingshoes]

GDP will contract in Q2.
Singapore’s 50th anniversary will be marred by extremely lacklustre economic growth, according to a new report by DBS.
Economist Irvin Seah warned that the republic’s economy is headed for its slowest pace of growth in 6 years, as uncertainties in the global economy and domestic restructuring continue to weigh on growth.
Seah expects Q2 GDP to contract by 2% quarter-on-quarter, compared to an expansion of 2.1% in the first quarter.
“We have revised down our 2015 growth forecast to 2.4% from 3.2%. This will be the slowest growth since the US / global financial crisis of 2008/09,” Seah said.
"The outlook for the year remains cloudy. Interest rate expectations will swing and currencies will be volatile given the risks in the global economy and the divergence in monetary policy directions. Domestic restructuring and the resulting labour shortage will weigh on growth. Beyond what we now expect will be the slowest growth in 6 years (2.4% in 2015), we have also cut our forecast for 2016 growth to 2.9%, from 3.5% previously,” he added.

https://sg.finance.yahoo.com/news/singapores-economy-headed-slowest-pace-045500738.html

 

[Runifyouhaveto]

slowest pace of growth

technical recession u meant?

negative GDP likely in Q3 and Q4

 

[enterprise2]

Everyone to get pay cuts and retrenched except our elites!

 

[halsey02]

technical recession u meant?

negative GDP likely in Q3 and Q4

Recession for the 'garden variety' people , YES!...but after the "erection" they gonna ask for a raise!....& will the CEO of SMRT, take a pat cut ?? stay tune....

 

[Ambulance]

halo heng ah neh boh ho lee SG(D)5000 boh lee suan ker gway aw ai ho yee SG(D)5000.50

 

[Runifyouhaveto]

Recession for the 'garden variety' people , YES!...but after the "erection" they gonna ask for a raise!....& will the CEO of SMRT, take a pat cut ?? stay tune....

If you want to make money in Singapore, you must understand Singaporeans.

Minions remind me of the Animal Farm in a light-hearted way. We are like minions.

 

[dancingshoes]

technical recession u meant?

negative GDP likely in Q3 and Q4

looks like it, fundamental, sinkieland still doing fine but china must buck up if not sure haywire in asia, greece is small compared to what china is experiencing in its stock market. i suggest sinkie gahment to give big angbao while it can.

 

[Runifyouhaveto]

looks like it, fundamental, sinkieland still doing fine but china must buck up if not sure haywire in asia, greece is small compared to what china is experiencing in its stock market. i suggest sinkie gahment to give big angbao while it can.

the only place doing fine this year in ASEAN is vietnam
The rest, all sinking

 

[dancingshoes]

the only place doing fine this year in ASEAN is vietnam
The rest, all sinking

hmm...i was talking about vietnam previously cos' i know one viet bu who owns a spa in ho chi minh, she asked me to visit her. she was in sinkieland to learn english in british council last year.

 

[Runifyouhaveto]

hmm...i was talking about vietnam previously cos' i know one viet bu who owns a spa in ho chi minh, she asked me to visit her.

When u visit her, do u think she will her girls serve u in her spa or she will serve u personally?

 

[dancingshoes]

When u visit her, do u think she will her girls serve u in her spa or she will serve u personally?

i will try her first, i know viet girls like sinkie men a lot.

 

[Runifyouhaveto]

i will try her first, i know viet girls like sinkie men a lot.

should see her in ao dai

 

[dancingshoes]

should see her in ao dai

 

[Runifyouhaveto]

Brother Dshoes has a dream to realize in Vietnam

 

[dancingshoes]

Brother Dshoes has a dream to realize in Vietnam

it's not a dream, i am on a mission, code name "mission viet girls"

 

[Runifyouhaveto]

The effortless method to prevent a meltdown is to increase the population of Singapore to cover up the holes.

but RUN prefers organic growth.

 

[laksaboy]

Yeah... fuck your growth. :kma:

 

[SgGoneWrong]

The effortless method to prevent a meltdown is to increase the population of Singapore to cover up the holes.

but RUN prefers organic growth.

You'll get that after election.
Be ready for more train breakdowns. Even 'retired' engineers won't be able to save the trains then.

 

[SgGoneWrong]

the only place doing fine this year in ASEAN is vietnam
The rest, all sinking

Why is Vietnam doing so well?
Mass cheap exports that's cheaper than the chinks?

 

[syed putra]

Why is Vietnam doing so well?
Mass cheap exports that's cheaper than the chinks?

Because they start at a very low level.