{"id":112512,"date":"2019-11-21T11:38:18","date_gmt":"2019-11-21T04:38:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/economists-give-positive-adjustments-to-singapores-gdp-predictions\/"},"modified":"2019-11-21T12:06:19","modified_gmt":"2019-11-21T05:06:19","slug":"economists-give-positive-adjustments-to-singapores-gdp-predictions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/economists-give-positive-adjustments-to-singapores-gdp-predictions\/","title":{"rendered":"Economists give positive adjustments to Singapore\u2019s GDP predictions"},"content":{"rendered":"


\nThis comes as a poll conducted by Reuters showed that the final gross domestic product in Singapore is expected to be higher than the government\u2019s advance estimates.
\nSingapore\u2019s economy in the third quarter of 2019 is projected to have expanded much more than initially expected and will probably stabilise in the coming quarters, aided by a recovery in manufacturing, reported Thomson Reuters.
\nA poll conducted by Reuters covering 13 economists showed that final gross domestic product (GDP) in Singapore is expected to have increased a seasonally adjusted and annualised 2.1% from the second quarter. This is higher than the 0.6% growth in the government\u2019s advance estimates.
\nThe economy saw a contraction of 2.7% in the quarter earlier.
\n\u201cFinal third-quarter GDP is expected to be materially upgraded. Manufacturing came in much stronger than expected in September and services growth likely picked up speed, particularly in finance, business and tourism-related services,\u201d said Lee Ju Ye, Maybank Kim Eng economist.
\nSingapore has been negatively affected by the US-China trade war and a broader global slowdown.
\nFrom the previous year, economic growth is seen to be adjusted to 0.5%, higher than the 0.1% indicated in advance estimates and the quarter earlier.
\nThe country\u2019s growth will also probably stabilise in the fourth quarter and recover next year.
\n\u201cThe tension between the near-term stabilisation if not modest pick-up in trade and lacklustre global capex remains, limiting the upside to final demand,\u201d said Sin Beng Ong, JP Morgan economist.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Economists give positive adjustments to Singapore\u2019s GDP predictions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This comes as a poll conducted by Reuters showed that the final gross domestic product...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112512","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tgI","jetpack-related-posts":[{"id":101572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-q3-economic-growth-disappoints\/","url_meta":{"origin":112512,"position":0},"title":"Singapore Q3 economic growth disappoints","date":"November 23, 2018","format":false,"excerpt":"\r There are concerns that the recent property cooling measures could weigh down on the real estate and construction sectors. Singapore\u2019s gross domestic product (GDP) rose by 3.0 percent quarter-on-quarter on a seasonally-adjusted and annualised basis in Q3 2018, surpassing the previous quarter\u2019s increase of 1.0 percent, reported the Business\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-q2-gdp-wont-be-as-grim-with-the-inclusion-of-junes-reopening-economists\/","url_meta":{"origin":112512,"position":1},"title":"Singapore\u2019s Q2 GDP won't be as grim with the inclusion of June's reopening: economists","date":"July 15, 2020","format":false,"excerpt":"\r \u201cGiven that Phase 1 began in early June and Phase 2 started sooner than we thought on 19 June, this allowed businesses to reopen and it means that the June indicators, such as retail sales, will not be as bad as April and May\u201d,\u00a0said Jeff Ng, Senior Treasury Strategist\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113367,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-slowest-economy-expansion-since-2009\/","url_meta":{"origin":112512,"position":2},"title":"Singapore posts slowest economy expansion since 2009","date":"January 3, 2020","format":false,"excerpt":"\r Singapore economy expanded by 0.7% in 2019, which is significantly lower than the 3.1% growth recorded in 2018.\u00a0 Singapore\u2019s economy experienced the slowest growth in a decade last year, growing by a marginal 0.7%. This pales in comparison to the 3.1% growth recorded in 2018, reported Channel News Asia,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/economic-growth-eases-to-2-2-in-q4\/","url_meta":{"origin":112512,"position":3},"title":"Economic growth eases to 2.2% in Q4","date":"January 3, 2019","format":false,"excerpt":"\r There are signs of slowing growth and worries over worsening trade conflicts and major uncertainties. Initial estimates from the Ministry of Trade and Industry (MTI) published on Wednesday (2 Jan) show that Singapore\u2019s gross domestic product (GDP) edged up by 2.2 percent year-on-year in Q4 2018, reported Channel NewsAsia.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-gdp-grew-0-1-in-q3\/","url_meta":{"origin":112512,"position":4},"title":"Singapore GDP grew 0.1% in Q3","date":"October 15, 2019","format":false,"excerpt":"\r This means Singapore narrowly avoided a technical recession, which is defined as two consecutive quarters of economic decline. The Singapore economy grew 0.1 percent on a year-on-year basis in the third quarter of 2019, which is the same pace of growth seen in the previous quarter, showed advanced estimates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-growth-forecast-raised-to-0-7-survey\/","url_meta":{"origin":112512,"position":5},"title":"Singapore's growth forecast raised to 0.7%: Survey","date":"December 12, 2019","format":false,"excerpt":"\r This is 0.1% higher compared to the previous survey.\u00a0 Private-sector economists have raised Singapore\u2019s growth forecast to 0.7% this year, 0.1% higher compared to the previous 0.6% growth in the previous survey, according to the latest quarterly survey conducted by the Monetary Authority of Singapore (MAS) on 11 December.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112512"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=112512"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112512\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}