Singapore Stuck in a Low-Growth Equilibrium in the Absence of Monetary and Fiscal Stimulus
Singapore is caught in a low-growth equilibrium, but this year's pain was eased by increasing net employment by 1.5% YoY in 1H 2019 and 1.7% YoY in...
387 Views
Singapore - Growing Headwinds
Advance 3Q GDP estimates disappointed on the downside. On the upside the Monetary Authority of Singapore (MAS) did deliver, reducing, in line with...
335 Views
Singapore Is the First Domino to Fall Towards Stagnation (Approaching Recession)
Singapore's real GDP grew 0.1% YoY in 2Q 2019 (according to the advance estimate based mainly on April-May data), the weakest quarterly reading in...
906 Views
Singapore MAS - To Stay On Hold In 2019
We are underweight Singaporean equities. We would expect the MAS to maintain its current exchange rate policy stance through 2019 and would not be...
428 Views
Mildly Expansionary, but Socially Magnanimous While Staying Focused on Long-Term Competitiveness
Singapore's growth in 2017 and 2018 has been primarily productivity-driven, suggesting that the 5-year project of reducing dependence on foreign...
401 Views