Byline: S. Kamal Hayder Kazmi
Singapore economy to stay tepid in 2020; 'significant uncertainties' for trade-related sector: MAS
Singapore's economy is likely to continue facing headwinds into 2020, seeing lacklustre activity over the next 18 months, said the Monetary Authority of Singapore (MAS) on Wednesday (Oct 30).
Growth will be uneven across industries, with "significant uncertainties" for the trade-related cluster, the central bank added in its twice-yearly macroeconomic review.
Part of this stems from higher volatility in the electronics-related industries. Semiconductor producers, for example, have been seen to draw down inventories to meet new orders instead of stepping up production in view of uncertain demand.
Reconfigurations of regional trade flows and supply chains could pose further unpredictability for Singapore, said MAS.
Economists said that even though a strong...