Singapore Business Forecast Report Q1 2015 - New Market Study Published

From: Fast Market Research, Inc.
Published: Tue Dec 09 2014

Core Views

* Singapore's ongoing restructuring drive continues, with the ruling People's Action Party (PAP) pushing ahead with stricter foreign labour rules despite an increasingly tight labour market. While we believe that the tight labour market is acting as a headwind against economic growth, we do not foresee any easing from the government in the near future.
* Singapore's real GDP growth accelerated slightly to 2.4% y-o-y in Q314 , but this remains below the government's forecasted range of 2.5-3.5% for 2014. We retain our below consensus real GDP growth forecast of 2.5% for 2014, and note that risks to our 3.3% growth forecast for 2015 are likely to the downside given domestic and external pressures.

Full Report Details at

Key Forecast Changes

* We have adjusted our 2015 Singapore dollar average forecast down to SGD1.2500/USD from SGD1.2300/USD previously as the currency continues to experience headwinds from a strong US dollar as well as weakening currencies among its regional trading peers.

Key Risks To Outlook

* A faster than expected recovery in the US economy could lead the US Federal Reserve to hike interest rates earlier than forecasted. This would have negative ramifications for the already weak Singapore property market, and could lead to a more acute price correction than we are currently forecasting.

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-2018, 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-2018.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
* Assess the critical shortcomings of the business environment that pose hidden barriers and costs to corporate profitability.
* Contextualise Singapore's country risks against regional peers using BMI's country comparative Risk Rankings system.
* Evaluate external threats to doing business in Singapore, including currency volatility, the commodity price boom and protectionist policies.

The Singapore Business Forecast Report by Business Monitor International (BMI) includes four major sections: Economic Outlook, Political Outlook, Business Environment and Key Sector Outlook.

Economic Outlook:

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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