atans1

Why S’pore’s growth is so gd this year

In Economy, Property, S'pore Inc, Shipping, Temasek on 12/12/2017 at 10:17 am

And next yr’s should be better.

Nothing to do with the PAP administration.

All down to the recovery in global trade.

Since 2010 global trade has, by and large, shown only lacklustre growth. Once expected to grow regularly at 1.5-2 times global gross domestic product, trade has been growing at, or even below, the rate of broader economic output in recent years, prompting some to proclaim the end of an era of “hyperglobalisation”.

This year is expected to be the best in recent history for global trade. The WTO in September upgraded its forecast for world trade growth, predicting it would expand by 3.6 per cent in 2017. That is largely the result of a better global economy. For the first time since the crisis all of the world’s major economies are in relatively rude health.

FT

Don’t overleverage in property

But the recovery in global trade remains far from a boom and there are still plenty of signs of fragility.

FT again

And yes the scholar and SAF general now running SPH screwed up big time when in ran NOL. selling it when the cycle was turning.

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  1. It is down to the PAP’s foresight. Good thing we liv in civilized times, in the old days heretics were burned!

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