Singapore: Weak Fundamentals Require Stronger Policy Response

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

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Macroeconomics

<ul><li>The Singapore economy continues to languish in the doldrums, as advance estimates for 3Q15 GDP disappointed and reflected further deceleration.&nbsp;On all fronts, the economy revealed broad-based weaknesses.</li><li>MAS, the central bank, has moved to eased policy, but only slightly.</li><li>More importantly, growth prospects for Singapore is fast dissipating - we think that fiscal policy will come to the fore in stimulating the lacklustre economy.</li></ul>

The Singapore economy continues to languish in the doldrums, as advance estimates for 3Q15 GDP disappointed and reflected further deceleration.&nbsp;On all fronts, the economy revealed broad-based weaknesses.MAS, the central bank, has moved to eased policy, but only slightly.More importantly, growth prospects for Singapore is fast dissipating - we think that fiscal policy will come to the fore in stimulating the lacklustre economy.

Singapore: Economy abject; fiscal stimulus likely