Economists unveil 3 risks to Singapore’s economic growth
$SIA(C6L.SG$ The article revealed that economists have become less optimistic about the growth of Singapore’s economy, with most expecting a 1.0% full-year increase. In 2Q23, economists were expecting a 1.5% GDP growth for 2023.
Singapore's economic growth slowdown will have a negative impact on the stock market. Despite a good fundamental, Singapore Airlines share price will face a downward pressure amid the negative macroeconomics conditions.
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According to the Monetary Authority of Singapore’s (MAS) Survey of Professional Forecasters, there will be three key risks to the Lion City’s economic growth:
1) Spillovers from external growth slowdown
More than six in 10 (69%) economists point to “spillovers from an external growth slowdown” as the top downside risk to the domestic outlook.
2) Inflation pressure
Experts also flagged inflationary pressures (50%) and spillovers from slowing growth in China (43.8%) as risks to the domestic growth outlook.
3) China growth and Tech cycle recovery
Economists also said more robust growth in China (46.7%) and tech cycle recovery (33.3%) are also upside risks for Singapore’s economy.
2) Inflation pressure
Experts also flagged inflationary pressures (50%) and spillovers from slowing growth in China (43.8%) as risks to the domestic growth outlook.
3) China growth and Tech cycle recovery
Economists also said more robust growth in China (46.7%) and tech cycle recovery (33.3%) are also upside risks for Singapore’s economy.
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