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Singapore economy
Singapore economy
Singapore’s GDP up by 0.7% in 2Q2023: MTI estimates
Overall GDP was dragged by the contraction in the manufacturing sector.
July 14, 2023
Singapore economy
May NODX down 14.7% mainly due to Hong Kong, Malaysia and Taiwan
Total trade fell by 17.9% in May as both total exports and imports fell.
June 16, 2023
Singapore economy
Singapore expects to avoid recession this year
The MTI maintained its full-year GDP growth forecast of between 0.5% and 2.5%, with growth likely to come in around the midpoint.
May 25, 2023
Global Economy
Cayman Islands could bring the fight for Asian capital to Singapore’s doorstep: FT
A Cayman Islands delegation visited Singapore and Hong Kong this month to advance plans to set up an office in one of the cities.
May 25, 2023
Singapore economy
Core inflation could slow in 2H2023; MAS to hold in Oct meeting: analysts
RHB economist Barnabas Gan expects that core inflation momentum will decline to 0.1% to 0.2% m-o-m in 4Q2023.
May 24, 2023
Singapore economy
Singapore's faster-than-expected inflation signals sticky prices
The inflation rate of 5% was faster than the 4.7% estimated
May 23, 2023
Singapore economy
Singapore’s near-term outlook remains uncertain with downside risks: MAS
Singapore's economy has “slowed discernibly” since 4Q2022, weighed down by contractions in the trade-related sectors.
April 27, 2023
Singapore economy
One-year-ahead headline inflation expectations elevated to 4.6% in March: DBS, SMU
For the longer horizon, the five-year-ahead CPIEx inflation expectations elevated to 5.2% in March from 4.2% in the December 2022.
April 18, 2023
Singapore economy
Singapore's NODX falls by 8.3% y-o-y mainly due to China, Taiwan and Malaysia
On a m-o-m seasonally adjusted basis, NODX expanded by 18.4% to $15.7 billion as electronic and non-electronic NODX grew.
April 17, 2023
Singapore economy
Singapore halts policy tightening after first-quarter slump
The Singapore dollar weakened 0.35% following the decision
April 14, 2023