Singapore's domestic economy to see gradual turnaround in 2018: HSBC

SINGAPORE (Sept 29): HSBC Global Research foresees a gradual improvement in Singapore’s domestic economy after the Monetary Authority of Singapore’s (MAS) April 2018 meeting, which is expected to result in a policy shift.

In HSBC’s Global Economics report for Q4 2017, economists Joseph Incalcaterra and Jingyang Chen note that the city state’s domestic conditions remain relatively sluggish, as improvement in exports thus far have not fully passed through to the domestic economy.

This is particularly so for private consumption owing to a large stock of household debt, decelerating wage growth, and declining housing prices.

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