News

Economy

Staff Reporter

, Singapore

Published:

13 years ago

Technical recession looms in 3Q12: DMG

The analyst has revised down its 2012 GDP forecast to 2.6% from 4% previously.

According to DMG, the advanced estimates (computed largely from April and May data) point to the economy losing momentum on the back of external weaknesses brought about by the protracted problems in the Eurozone and lackluster US economy.

OSK-DMG said:

More importantly, it appeared that the weaknesses in the external sector were beginning to spillover to the services sector via the trade- and finance-related segments. This suggested that a technical recession could be looming in 3Q12.

However, we are not building in such a scenario into our forecast as we expect to see a rebound in biomedical output (on the back of stronger pharmaceutical demand) and a rebound in Chinese growth (as a result of recent monetary easing and fiscal boost) to lift GDP in 2H. Nevertheless, with economic growth disappointing in 2Q and 1H real GDP coming in below our expectations (of 2.3%) at 1.7%, we have revised down our 2012 GDP forecast to 2.6% from 4.0% previously.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

AI keeps Singapore factories firing

Electronics climbed 35.8% as chemicals, biomedical, and transport engineering weakened.

1 day ago

JustCo brings ‘the boring office’ to CBD after SGX listing

The space is designed for start-ups, entrepreneurs, and SMEs.

Commercial Property

1 day ago

Airwallex raises $320m in Series H funding round

Airwallex plans to expand into new markets and scale its AI teams.

1 day ago

MAS launches new institute for AI and tokenisation adoption

The Future of Finance Institute will update toolkits.

1 day ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

1 day ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

3 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

3 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

4 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.