, Singapore

Sub-par GDP growth to persist in 2015 as headwinds intensify

Expect a volatile year ahead.

Singapore’s sub-par economic growth will continue in 2015 amid a more volatile market. DBS notes that increased volatility could be seen this year as key central banks across the world are expected to unveil divergent monetary policies.

The global economy has been sluggish over the past 12 months and domestic restructuring has been a pain. But Singapore's GDP growth trajectory has been relatively flat with sequential growth averaging about 1.5% QoQ saar per quarter. Yet, 2015 will be different. It'll be more volatile. Most notably, 2015 could see the divergence in monetary policies across key central banks around the world.

DBS stated that Such divergence in global monetary policies will have significant impact on the financial markets. Interest rate expectation will fluctuate and currencies will be volatile, and lower oil prices will only provide a mild upside.

“Singapore being a small and open economy will be like a small boat in a rough sea. Amid such uncertainties and barring any negative shock, overall GDP growth is expected to average 3.2% in 2015. While slightly higher than 2014, that is still sub-par growth by Singapore's standard,” the report noted. 

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.