Fiscal Balance in Singapore

Singapore Fiscal Balance | Economic News & Forecasts

Singapore - Fiscal Balance

Comprehensive GDP data confirmed Singapore’s economy posted the worst quarterly performance in a decade in the second quarter. A sharp contraction in net exports of goods and services—amid the U.S.-China trade war and weaker global demand for technology—led the downturn. Moreover, private consumption growth decelerated, while fixed investment posted a steeper decline than in Q1. Turning to the third quarter, momentum will likely remain tepid. In July, the manufacturing and electronics PMIs remained in contractionary territory, despite improving slightly, while non-oil domestic exports were down. Moreover, the recent escalation of the trade war could weigh further on the external sector for the remainder of the quarter. However, a tight labor market should support private consumption growth and prop up domestic activity.

Singapore - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.3  0.1  -1.0  1.4  2.3  

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Singapore Facts

Bond Yield1.691.39 %Sep 04
Exchange Rate1.38-0.01 %Sep 04
Stock Market3,1310.18 %Sep 04

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