Philip Chua Business Blog

Posts Tagged ‘forecast’

December’s employment report was somewhat of a disappointment. Many were expecting a small increase in employment to be reported for December, even though the consensus was calling for a small decline. Our own forecast called for a larger than consensus drop and we had repeatedly noted that the optimism so…

(SINGAPORE) Economic momentum may have fallen off a little more than expected in the last quarter, but economists say the underlying recovery in Singapore remains on track.

Indeed, with flash Q4 GDP data in hand, at least two forecasters yesterday jacked up their estimates of Singapore’s 2010 full-year growth, adding to the market consensus that was already above the official forecast of 3 to 5 … more

Oil prices crawled up to near $71 a barrel Friday as a forecast of an increase in oil demand next year added to the effects of a weaker dollar.

(SINGAPORE) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

A private forecast of economic activity over the next six months edged up less than expected in October, signaling slow, bumpy growth next year.







Economics – Social Sciences – United States – Economic Development – Business

AFTER two days of red ink and downbeat investor sentiment, the local bourse swung back into positive territory yesterday following gains on other Asian stock markets.
Stocks enjoyed a rally following encouraging auto data out of the United Sates and an upward revision of China’s growth forecast by the World Bank. These two items of news stoked investor hopes of a sustainable economic recovery.
Inv… more

THE International Monetary Fund (IMF) has upgraded its growth outlook for Singapore for the second time this month while leaving forecasts for other Asian nations unchanged.
It now tips that Singapore’s gross domestic product (GDP) this year will be minus 1.7 per cent, up from an initial forecast of of minus 3.3 per cent.
Growth for next year was also raised – from 4.1 per cent to 4.3 per cent – w… more

(SINGAPORE) While the full-year growth forecast for the Singapore economy has been hiked sharply after two resurgent quarters, the 2010 outlook is somewhat more subdued, the government says.
The recession may have ended but GDP growth in 2010 is expected to be slower than in previous post-recession periods, says the Monetary Authority of Singapore (MAS).
Advance estimates of third-quarter GDP gr… more

A HIGHER official growth forecast may be on the cards next Monday when the Government is expected to announce that the economy continued to expand strongly in the third quarter.
Economists have upgraded their own forecasts recently as signs of a recovery grow firmer, and are predicting that growth for this year will come in well above the Government’s current forecast of -6 per cent to -4 per cent… more

Reuters – U.S. consumer spending in August rose at the fastest in nearly 8 years, but a weak labor market and the manufacturing sector’s below forecast growth in September could hamper a nascent economic recovery.