Singapore economy

A joint study by MTI and MOF shows that Singapore’s budgets this year, have prevented real GDP from losing about 5.5% in 2020.

Singapore is facing its worst recession on record, and mature workers need to upskill to remain relevant to the agile workforce

The Covid-19 pandemic has done enough damage in the past six months to wipe out Singapore’s economic gains since 2016. The government estimates the economy to shrink between 5% and 7% this year, a lowered forecast of –4 to –7% given earlier.

Economists are maintaining a cautious stance on Singapore’s economic growth for the year as the city-state reels from the Covid-19 bug. 

Singapore cannot afford to wait out for the coronavirus to abate, as the permanent changes is brings will hinder it from reverting to a pre-Covid-19 economy, Minister for Trade and Industry (MTI) Chan Chun Sing said on August 11.

DBS analysts expect a bottoming out to the STI to have occurred in 2Q2020 ended June

"Regional growth is expected to slow sharply this year, from 4.8% in 2019, to 0% in 2020 before rebounding strongly in 2021,” says AMRO’s chief economist Khor Hoe Ee.

Having transformed from a Third to First World nation in slightly more than half a century, Singapore today is confronted with a similar set of challenges while facing Covid-19. How can it transform itself to stay relevant for the next 50 years?

As Singapore commemorates its 55th National Day, it is not the most auspicious of times. The nation confronts multiple challenges outside its control such as the pandemic and geo-political tensions. And, it has to face up to these forces when there are al

As countries fight to contain the Covid-19 virus, the current state of the world has become increasingly more complex and difficult, both in the financial markets and in the geopolitical arena.