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Serious Sinkieland Real Economy Has Been Declining Since 2010 - What Happened to Gold
An honorable member of the Coffee Shop Has Just Posted the Following:
sbr.com.sg Chart of the Day: Singapore's economy has been on a downward slide for the past five years ECONOMY | Staff Reporter, Singapore The city-state's slowdown is among the worst in the region. After decades of impressive growth, Singapore's economy has been on a steady downward slide since 2010, reveals a report by Deutsche Bank. "The city-state’s economic performance has wavered in the last five years. The step down in growth can be explained by a mix of cyclical and structural forces. While Singapore’s heavily export-oriented economy struggles with stagnant global trade, at home, it is dealing with a tight and aging labor force, declining productivity, and heavily leveraged corporates and households," said the report. The chart shows that the overall economy has been increasingly losing momentum after a strong rebound in 2010. The weighted average of the growth rates of retail sales, credit, industrial production, non-oil imports, residential transaction, PMI, and employment has been negative for the better part of the past six years. "The past five years, however, have seen a steady deceleration in overall output and per-capita incomes. While evident across the region, Singapore’s economic slowdown is one of the most severe,” Deutsche Bank noted. Click here to view the whole thread at www.sammyboy.com. |
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