Singapore's business confidence for the final quarter touched a near two-year low, with manufacturing and wholesale trade braced for a downturn.SINGAPORE'S business confidence for the final quarter touched a near two-year low, with manufacturing and wholesale trade braced for a downturn.
When the trade war began, the two sectors were in the immediate line of fire, and contributed significantly to GDP slowdown, Mr Song said."The outlook for manufacturing and wholesale trade is simple - it depends on Donald Trump." Wholesale trade, on the other hand, was much more dependent on the ground, Mr Song said."If there is no pick-up on orders, you don't have to employ more people."
"Singapore as a stable AAA-rated country with relatively attractive bond yields is likely seeing real money inflows as global bond yields increasingly dip into negative territory with the accelerated global monetary policy easing cycle." Overall, employment was the only indicator to rise versus the year-ago period, from +4.39 percentage points to +14.44 percentage points.OCBC's Ms Ling added that job creation will likely be industry-specific like for ICT , healthcare and education, rather than broad-based.
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