, Singapore

USD weakness keeps Singapore GDP growth conservative

The whole external environment remains dicey.

Recovery in the US economy has been sluggish, while outlooks for Singapore’s key trading partners - China, Eurozone and Japan - are expected to remain unpredictable.

According to analysts at DBS, nothing in the external environment suggests an improvement in growth momentum in the near-term.

Singapore’s GDP rose 1.1% in 1Q15, versus expectations of a 0.2% increase. Nicholas Teo of CMC Markets says that the immediate reaction to this surprise was most evident in the USD/SGD weakening to 1.363 from 1.373.

DBS adds that the overall GDP growth forecast for 2015 remains at 3.2% but downside risks are up ahead.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!