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Money in the Market: What does an eighth straight month of declining manufacturing output numbers tell us about the state ofSingapore's economy?
Singapore’s Economic Development Board (EDB) revealed a downturn in the nation’s manufacturing output in its latest report released yesterday.
The data shows a 10.8% decrease in manufacturing output in May 2023 compared to the same period last year.
This represents eight straight months of decline and has prompted economists to once again warn of a heightened risk of a technical recession.
What are the major concerns and silver linings - if any - stemming from this data?
On Money in the Market, Emaad Akhtar speaks to Song Seng Wun, Economist, CIMB Private Banking, to find out more.
See omnystudio.com/listener for privacy information.
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By MONEY FM 89.3Singapore’s Economic Development Board (EDB) revealed a downturn in the nation’s manufacturing output in its latest report released yesterday.
The data shows a 10.8% decrease in manufacturing output in May 2023 compared to the same period last year.
This represents eight straight months of decline and has prompted economists to once again warn of a heightened risk of a technical recession.
What are the major concerns and silver linings - if any - stemming from this data?
On Money in the Market, Emaad Akhtar speaks to Song Seng Wun, Economist, CIMB Private Banking, to find out more.
See omnystudio.com/listener for privacy information.
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