SINGAPORE: A recent survey conducted by the Singapore Business Federation reveals a growing sense of optimism among businesses regarding the nation’s economic outlook. The 2024 Manpower and Wage Survey Report shows that a larger percentage of companies anticipate economic improvement in the next year than those expecting a downturn.
Industries such as logistics and transportation, along with banking and insurance, are among the most optimistic about future growth. However, the outlook isn’t universally positive, as sectors like hotels, restaurants, accommodation, and administration express less confidence in the year ahead. A limited local talent pool also remains a key concern for many employers.
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