We started the year on a low note and we are ending the year on a high because all sectors bounced back.
Singapore being very open tends to be more sensitive.
We think fourth-quarter GDP figure will be very weak. Car sales plunged following the very aggressive rate tightening and fuel subsidy cuts.
Overall it's still good. It will continue to expand at a blistering pace for at least the first half.
There is reason to be optimistic because we are seeing some firming of COE prices, suggesting car sales are still quite strong. Given the buoyant economy and jobs growth, retail sales will hold up quite firmly in the fourth quarter.
There's no way any new government will want to push through privatization. Whatever the end game looks like, the paralysis in terms of economic policies is still a threat.
A strong tech recovery is lifting fourth-quarter manufacturing and GDP growth. Pharmaceuticals have also come back with a vengeance in the second half, after languishing in the first half.
It's not really a broad-based slowdown. I find it difficult to be too alarmist.
It's not really a broad-based slowdown, ... I find it difficult to be too alarmist.
It's the relative-competitiveness angle. If China has a currency that is going to appreciate, then your currency becomes more competitive relative to China and your exports should do better.
It's saturated ... there is really not much more scope to invest in Singapore.
It held up very well across the board. Electronics did very well with the recovery in global demand.