Economy tipped to shrink 6% this year

Private sector economists made a further cut to their 2020 forecast for Singapore's economy but turned more bullish about the strength of a recovery next year.

Economists expect tepid recovery while businesses hold off hiring

Singapore's recovery from its worst-ever quarterly slump is likely to be slow and choppy, with a coronavirus resurgence looming as a constant threat.

Covid-19 impact pushes Singapore's 2020 GDP forecast into negative turf

SINGAPORE's official growth forecast has hit negative territory for the first time in nearly a decade. This comes as the Republic braces itself for what is likely the worst economic contraction...

Singapore cuts 2020 growth forecast amid virus outbreak

SINGAPORE'S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel coronavirus outbreak be more severe than...

Service sector firms earning more through e-commerce

Singapore firms in the service sector are generating more revenue through e-commerce but the trend varies widely with some segments like retail still lagging behind others, a new survey noted...

Brighter picture for 2020 after muted growth last year

Singapore's economic growth was muted last year, with modest expansion recorded in the fourth quarter, but the growth picture looks to be brighter this year.

Singapore's GDP grows 0.7% in 2019 following 0.8% rise in Q4

SINGAPORE'S economy expanded 0.8 per cent in the fourth quarter of 2019, according to advance estimates from the Ministry of Trade and Industry (MTI) on Thursday, in line with private sector...

South-east Asia's economic growth 'to stay at 4.5% next year'

SOUTH-EAST Asia's gross domestic product (GDP) growth will likely remain at 4.5 per cent in 2020, amid high risks of a re-escalation in trade tensions between the US and China, British advisory...

Recession avoided but businesses remain on guard

Singapore may have dodged a technical recession but high-end manufacturer Racer Technology knows all too well that times are tough and likely to get even tougher in the months ahead.

Singapore seen narrowly dodging recession in Q3, MAS to ease: poll

[SINGAPORE] Singapore's economy likely escaped a technical recession in the third quarter even as growth stayed subdued, weighed down by the prolonged trade dispute between the United States and...

DBS downgrades full-year Singapore growth forecast to 0.7%, OCBC lowers it to 0-1%

IN the wake of disappointing second-quarter flash data, economists have trimmed their full-year growth predictions for Singapore in 2019.