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SINGAPORE'S GROWING OPTIMISM.
(From Market - Asia Pacific)
Growing optimism at both the household and industrial level portends moderate growth in private sector spending throughout this year, with capital spending leading the way in gains
Considering that Singapore's population is only slightly over 4 million and growing very slowly, expansion of business and industry will be heavily dependent on foreign sales for years to come. Singapore's PPP per capita of US$25,300 is by far the highest in Southeast Asia, yet internal demand slumped during 2003 as a result of concerns over declining export sales and the war in Iraq. Consumer optimism bounced back starting in the third quarter of 2003 and should remain fairly strong through the first half of this year. That, in turn, will contribute to year-on-year growth in sales of durable goods ranging from 5 to 10 percent through midyear. However, it is important to note that gains through the ...
- SINGAPORE'S GROWING OPTIMISM.(Brief Article)
- Newspaper article from: Market Asia Pacific January 1, 2004 700+ words
Growing optimism at both the household and industrial level portends moderate growth in private sector spending throughout this year, with capital...
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