, Singapore

Singapore's weak China exports to darken domestic outlook further in 2H14

The property market slowdown could also accelerate.

The expectation of a strong second half has so far disappointed for Singapore. This has prompted Deutsche Bank to revise downward the 2014 growth outlook modestly.

According to Deutsche Bank, inflation remains muted and likely to remain so for the rest of the year, but more weakness in exports (especially to China) could darken the outlook further. The property market slowdown could accelerate, with adverse implication for household and bank balance sheets.

“The traditionally tight relationship between US PMI’s new orders and exports out of Singapore has broken down this year. Weak demand in China this year has also likely played a role in this dynamic, although the latest exports figures to China suggest the worst might be over,” noted Deutsche Bank’s report.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.