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16-06-2016, 02:50 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
sbr.com.sg
Chart of the Day: Singapore's economy has been on a downward slide for the past five years
ECONOMY | Staff Reporter, Singapore
The city-state's slowdown is among the worst in the region.
After decades of impressive growth, Singapore's economy has been on a steady downward slide since 2010, reveals a report by Deutsche Bank.
"The city-state’s economic performance has wavered in the last five years. The step down in growth can be explained by a mix of
cyclical and structural forces. While Singapore’s heavily export-oriented economy struggles with stagnant global trade, at home, it is dealing with a tight and aging labor force, declining productivity, and heavily leveraged corporates and households," said the report.
The chart shows that the overall economy has been increasingly losing momentum after a strong rebound in 2010. The weighted average of the growth rates of retail sales, credit, industrial production, non-oil imports, residential transaction, PMI, and employment has been negative for the better part of the past six years.
"The past five years, however, have seen a steady deceleration in overall output and per-capita incomes. While evident across the region, Singapore’s economic slowdown is one of the most severe,” Deutsche Bank noted.
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?231409-Sinkieland-Real-Economy-Has-Been-Declining-Since-2010-What-Happened-to-Golden-Era&goto=newpost).
sbr.com.sg
Chart of the Day: Singapore's economy has been on a downward slide for the past five years
ECONOMY | Staff Reporter, Singapore
The city-state's slowdown is among the worst in the region.
After decades of impressive growth, Singapore's economy has been on a steady downward slide since 2010, reveals a report by Deutsche Bank.
"The city-state’s economic performance has wavered in the last five years. The step down in growth can be explained by a mix of
cyclical and structural forces. While Singapore’s heavily export-oriented economy struggles with stagnant global trade, at home, it is dealing with a tight and aging labor force, declining productivity, and heavily leveraged corporates and households," said the report.
The chart shows that the overall economy has been increasingly losing momentum after a strong rebound in 2010. The weighted average of the growth rates of retail sales, credit, industrial production, non-oil imports, residential transaction, PMI, and employment has been negative for the better part of the past six years.
"The past five years, however, have seen a steady deceleration in overall output and per-capita incomes. While evident across the region, Singapore’s economic slowdown is one of the most severe,” Deutsche Bank noted.
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?231409-Sinkieland-Real-Economy-Has-Been-Declining-Since-2010-What-Happened-to-Golden-Era&goto=newpost).