Singapore economy could only grow 2% next year: ICAEW

Weak manufacturing sector is seen a major drag.

Recent economic data have been disappointing in Singapore and the economy is expected to grow at a subdued pace by historical standards in 2017, said the Institute of Chartered Accountants in England and Wales (ICAEW)

According to ICAEW, GDP growth should be supported by an increase in government investment, and solid consumer spending growth.

"The country faces a number of structural challenges associated with a loss of competitiveness among some key manufacturing sectors that will continue to dampen growth over the coming years," it said.

ICAEW estimates overall GDP growth at 1.4% in 2016 and 2% in 2017, before accelerating to 3.5% in 2018 as global trade gradually improves.

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