S'PORE'S GROWTH
OUTLOOK IN 2015 REMAINS MODEST: MTI
Nov 28, 2014
The Ministry of Trade and Industry (MTI) said it expects the
Singapore
economy to grow by two to four percent in 2015.
The modest growth outlook is in tandem with the expected
pick-up in external demand. Externally-oriented sectors such as manufacturing,
wholesale trade and finance and insurance are likely to boost growth.
Some domestically-oriented sectors such as businesses
services are expected to remain resilient. However, labour-intensive ones like
construction, retail and food services may see their growth weighed down by
labour constraints.
Generally, the domestic labour market is expected to remain
tight, with low unemployment and rising vacancy rates.
