Singapore's economy expected to end year on an upbeat note: MAS
Singapore's central bank has warned that a correction in the global tech cycle could be among the risks for the economy next year, even as it expects growth to be broadly similar to this year. Some analysts are also saying geopolitical risks are here to stay. Despite the challenges, the economy is expected to end on an upbeat note, with the GDP at the upper end of the two to three per cent forecast. Professor Sumit Agarwal from the NUS Business School weighs in on the central bank's macroeconomic review and forecasts into 2025. He speaks about the AI-led global tech recovery and whether it is a cause for concern. He also talks about what firms can do to prepare for this slowdown and other global uncertainties which might affect Singapore's actual economic growth.
Singapore's central bank has warned that a correction in the global tech cycle could be among the risks for the economy next year, even as it expects growth to be broadly similar to this year. Some analysts are also saying geopolitical risks are here to stay. Despite the challenges, the economy is expected to end on an upbeat note, with the GDP at the upper end of the two to three per cent forecast. Professor Sumit Agarwal from the NUS Business School weighs in on the central bank's macroeconomic review and forecasts into 2025. He speaks about the AI-led global tech recovery and whether it is a cause for concern. He also talks about what firms can do to prepare for this slowdown and other global uncertainties which might affect Singapore's actual economic growth.
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