17 Feb '17, 10am

Singapore's economy expands at fastest pace in more than 5 years

“The improved momentum seen in the manufacturing sector towards the end of 2016 is expected to be sustained into 2017, supported by a continued recovery in the global demand for semiconductors and semiconductor equipment,” the Ministry of Trade and Industry said. While world growth is projected to pick up slightly in 2017, “uncertainties and downside risks in the global economy remain,” it said. “If we take a look at the global economic space, global demand space, possibly the U.S. may do a bit better but I don’t think it’s going to be significantly better in that sense and there’s a lot of uncertainty coming out from that country itself,” said Edward Lee, head of Asean economic research at Standard Chartered Plc in Singapore. “Looking closer to Asia, where China is extremely important, compared to last year, it does look like China is going to slow down a bit.” For the fu...

Full article: https://www.bloomberg.com/news/articles/2017-02-17/singap...

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