Category Archives: Economics

Austerity Measures on Spending in Forefront again

Singapore’s Real Gross Domestic Products (GDP) grew below 3.0% in year 2008, 2009, 2012, 2014 and 2015. For the past three years, GDP growth rates were 3.0%, 3.7% and 3.1% respectively. As for this year 2019, the Ministry of Trade … Continue reading

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Fear of Protectionist United States of America?

On taking office, President Donald Trump moved to withdraw from the Trans-Pacific Partnership (TPP) trade pact. TPP was dead even before it started. So we are back to original position where the existing trade agreements among nations still hold. Until … Continue reading

Posted in Economics, Life Journey | 1 Comment

Singapore economy is trending down

This year is not going to be good, economy-wise. The Gross Domestic Product (GDP) annual growth rates started to go down since 2013 from 4.7% to 2.0% last year. Inflation was down also from 2012 from 4.6% to negative 0.5% … Continue reading

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Job openings are there and why are we not jumping up with joy?

Acting Minister for Education (Higher Education and Skills) said that there are thousands of jobs waiting to be filled (The Straits Times 21 October 2016). These jobs are: 30,000 IT professionals needed by 2017 3,000 PMETs in precision engineering by … Continue reading

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Singapore economy did not feel good

When I was away in Taiwan, I received news that Singapore economy contracted 4.1% quarter-on-quarter for the third quarter ended September 2016. The economy got worse since the start of the year. First quarter GDP growth was 0.1% and the … Continue reading

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Future Economy cannot depend on Services sector alone

Majority of Singapore residents are not choosing a career to create products for sale. They rather provide services for a living. Variables 1980 2015 GDP At 2010 Market Prices   Goods Producing Industries 30.2% 24.0% Services Producing Industries 57.4% 67.9% … Continue reading

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Consumer spending drives economic growth – we can do our part

Singapore is going to slow down in economic growth this year. Economy is forecast to grow between 1% to 2%. If consumers decide to tighten their wallets, this will hurt the economy even further. The Gross Domestic Product (GDP) can … Continue reading

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