Recent Study: Singapore Business Forecast Report Q3 2014

Core Views:

* Singapore's ongoing restructuring drive continues, and the PAP-led government is highly unlikely to abandon its path even amid an increasingly tight labour market. While it may not have completely arrested the erosion of voter support that it has witnessed over recent years, we nevertheless believe that the PAP will retain broad power for the foreseeable future.
* Singapore's economy expanded by a solid 5.1% year-on-year (y-o-y) according to initial real GDP estimates, with much of the growth driven by strong construction activity. That said, we continue to believe that prospects for a substantial trade recovery over the coming quarters are likely limited , as external demand conditions remain challenging.

Key Forecast Changes

* Given our infrastructure team's relatively sanguine view on the construction sector, and following a better-than-expected performance in Q114, we have incrementally upgraded our full-year real GDP growth forecast to 3.4% from 3.2% previously.

Full Report Details at
- http://www.fastmr.com/prod/829892_singapore_business_forecast_report_q3_2014.aspx?afid=301

Key Risks To Outlook

* While we believe that Singapore's extremely strong external balance sheet will shield it from any major crisis, we nevertheless note that the city-state is highly vulnerable to global economic shocks. In particular, should global credit markets seize up, the richly valued Singaporean property market could be hard hit, which would have downside implications for the broader economy.
* Singapore's growing exposure to China, via both trade and financial linkages, poses an increasing risk to the broader economy in the event that the mainland economy experiences a full-fledged economic or financial crisis.

Political SWOT Analysis

Strengths

* Singapore enjoys a very stable political system, following the country's second change of leadership in 40 years, which saw Lee Hsien Loong - son of the nation's founder Lee Kuan Yew - take over as prime minister in 2004.
* Official promises have been made to eradicate Singapore's reputation as an overprotective...

The Singapore Business Forecast Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Singapore and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market..

An influential new analysis of Singapore's economic, political and financial prospects through end-2017, just published by award-winning forecasters, Business Monitor International (BMI).

Key Uses

* Forecast the pace and stability of Singapore's economic and industry growth through end-2017.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.

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