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16-12-2015, 09:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Singapore is also included in the "negative" camp, a downgrade from last year's "neutral" status, with a subdued forecast of 1.8 per cent gross domestic product (GDP) growth.
"While the economy avoided a technical recession in 2015, we struggle to find cause for greater optimism in 2015 as we expect global growth to remain tepid," according to Nomura's 2016 outlook report. In addition, a slowing property market and lackluster productivity growth due to higher interest rates and deteriorating demographics, will contribute significant downsides to Singapore's economy.
http://www.channelnewsasia.com/news/...r/2345150.html (http://www.channelnewsasia.com/news/business/more-trouble-ahead-for/2345150.html)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?221775-More-trouble-ahead-for-Asian-economies-in-2016-Nomura&goto=newpost).
Singapore is also included in the "negative" camp, a downgrade from last year's "neutral" status, with a subdued forecast of 1.8 per cent gross domestic product (GDP) growth.
"While the economy avoided a technical recession in 2015, we struggle to find cause for greater optimism in 2015 as we expect global growth to remain tepid," according to Nomura's 2016 outlook report. In addition, a slowing property market and lackluster productivity growth due to higher interest rates and deteriorating demographics, will contribute significant downsides to Singapore's economy.
http://www.channelnewsasia.com/news/...r/2345150.html (http://www.channelnewsasia.com/news/business/more-trouble-ahead-for/2345150.html)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?221775-More-trouble-ahead-for-Asian-economies-in-2016-Nomura&goto=newpost).