SG economy expands slower than expected in 1Q, increased tourism spending spurred by TS concerts failed to offset manufacturing o/p decline

[The_King]

(Bloomberg) -- Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output.

 

Gross domestic product grew 0.1% in the quarter ended March from the prior three months, according to advance estimates Friday from the Ministry of Trade and Industry. That was slower than the median 0.5% gain forecast by economists in a Bloomberg survey, and follows the 1.2% pace in the three months ended December. On a year-on-year basis, the economy expanded 2.7% last quarter.

 

Services producing industries grew 1.2% on a sequential basis, while manufacturing and construction contracted 2.9% and 1.7%, respectively.

Trade-reliant Singapore’s non-oil exports have fallen in 10 out of the past 12 months. It had declined in February while factory output jumped and services sector showed relative strength. Finance Minister Lawrence Wong had, in February, said the external environment has “darkened dramatically” while an aging population at home also poses challenges.

 

https://www.yahoo.com/news/singapore-economy-expands-slower-expected-000000694.html

 

[socrates469bc]

3 hours ago, The_King said:

(Bloomberg) -- Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output.

 

Gross domestic product grew 0.1% in the quarter ended March from the prior three months, according to advance estimates Friday from the Ministry of Trade and Industry. That was slower than the median 0.5% gain forecast by economists in a Bloomberg survey, and follows the 1.2% pace in the three months ended December. On a year-on-year basis, the economy expanded 2.7% last quarter.

 

Services producing industries grew 1.2% on a sequential basis, while manufacturing and construction contracted 2.9% and 1.7%, respectively.

Trade-reliant Singapore’s non-oil exports have fallen in 10 out of the past 12 months. It had declined in February while factory output jumped and services sector showed relative strength. Finance Minister Lawrence Wong had, in February, said the external environment has “darkened dramatically” while an aging population at home also poses challenges.

 

https://www.yahoo.com/news/singapore-economy-expands-slower-expected-000000694.html

 

 

diam diam lah, kumgong pappy serf!!!!!!!!!

 

Pappy Lord is never wrong, ok???????

 

wahahahahahahahahahahahahahahahaha

 

[The_King]

1 hour ago, socrates469bc said:

 

diam diam lah, kumgong pappy serf!!!!!!!!!

 

Pappy Lord is never wrong, ok???????

 

wahahahahahahahahahahahahahahahaha

 

This one also  kumgong, they come here pay for her ticket, food and hotel and go back home

 

In fairy tale land, come here with they whole family,  watch her sing, try all type food, go zoo, sci park, go orchard shopping, go movies, go see Merlion, go Bird park, take MRT ssrr, more shopping, go cafe sit and spend then  take sia first class home

Edited April 12 by The_King