Some also flagged potential dampening effects on investments and business sentiment as early as the second quarter of 2018.
When the U.S. and China threatened to impose tariffs on each other’s goods worth billions of dollars, Singaporean Prime Minister Lee Hsien Loong published an editorial in mid-April warning that a trade war between the two economic powerhouses would slow down the global economy and hurt most countries, including Singapore. “We are a small, open economy with trade flows more than three times our GDP. A trade war between the two largest economies in the world will have a big, negative impact on Singapore,” said Lee. Whilst a full-blown trade war is not likely in the cards amidst expectations of a U.S.-China deal being reached, analysts echoed the prime minister’s concern that the country is especially vulnerable to any escalated trade war. Some also flagged potential dampening effects on investments and business sentiment as early as the second quarter of 2018.
Denne historien er fra June - July 2018-utgaven av Singapore Business Review.
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Denne historien er fra June - July 2018-utgaven av Singapore Business Review.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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How TikTok powers cross-border shopping for Singapore retailers
The yellow basket feature allows viewers to purchase items directly during livestreams.
Income Insurance seeks to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
IHH's proton therapy takes aim at tumours with precision and low risk
Leaving surrounding organs at risk during cancer treatment might become a thing of the past.
SingPost pivots from mail to logistics as e-commerce demand drives growth
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
Singapore needs SEA neighbours to power renewable energy transition
Experts favour Malaysia and Indonesia as renewable energy import sources.
Singapore's architecture blueprint spurs push to tackle brain drain in other sectors
Paying the country's architects just right will hopefully stop the brain drain.
Millionaires eye a piece of Singapore's rich colonial era
The country's remaining 6,500 shophouses are in high demand amongst the ultra-rich.
HDB resale portal unlikely to cut out property agents
The portal enables sellers to list their units themselves.
Factory and retail spaces shine as housing heads for worst market slump in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.
