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5 concerns among Singapore SMEs in the year to come

Michelle Zhu Published on Tue, Sep 26, 2017 / 4:09 PM GMT+8

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SINGAPORE (Sept 26): Singapore’s small and medium enterprises (SMEs) are confident in the local economy’s outlook for the next 12 months despite ongoing global political tensions, China’s slowing growth and declining international trade.

This is according to independent financial services firm Bibby Financial Services (BFS), whose annual Global Business Monitor has featured Singapore for the first time in its latest edition of the survey, which features data from sectors including wholesale, business services and manufacturing.

Based on the survey’s findings, 79% of Singapore’s SME respondents have expressed concerns about the global economy, which is significantly above the average of 65% among the 11 countries surveyed.