Recent Study Singapore Country Risk Report Q2 2015

(MENAFNEditorial)

Core Views

 * Singapore's ongoing restructuring drive continues with the ruling People's Action Party (PAP) pushing ahead with stricter foreign labour rules despite an increasingly tight labour market. While we believe that the tight labour market is acting as a headwind against economic growth we do not foresee any easing from the government in the near future particularly ahead of general elections set to be called before January 2017.
 * Following a deceleration in real GDP growth to 2.8% in 2014 we foresee a modest recovery to 3.3% in 2015. However we note that Singapore's rate of economic expansion will be significantly lower over the coming years than the rate seen over the previous decade as the country's demographic situation rapidly becomes a headwind to growth.

Full Report Details at
 - http://www.fastmr.com/prod/960642_singapore_country_risk_report_q2_2015.aspx?afid=101

Key Forecast Changes

 * Following the Monetary Authority of Singapore (MAS)'s decision to reduce the Singapore dollar's appreciatory slope outside of its scheduled policy-making cycle we believe that the unit will see continued depreciatory pressures through the remainder of the year. As such we have downgraded our average forecast on the unit to SGD1.3600/USD for 2015 implying an end-year level of SGD1.3900/USD.

Key Risks To Outlook

 * Expectations for the US Federal Reserve to hike interest rates later this year pose downside risks to Singapore's real estate market. Should the Singapore economy continue to underperform the MAS may look to ease monetary policy once again in order to offset the effects of US tightening.

The Singapore Country Risk Report helps businesses with market assessment strategic planning and decision making to promote growth and profitability in Singapore. It is an essential tool for CEOs Chairmen Finance Directors/CFOs Managing Directors Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Singapore's economic political and financial prospects through end-2019 just published by award-winning forecasters Business Monitor International (BMI).

Key Uses

 * Forecast the pace and stability of Singapore's economic and industry growth through end-2019.
 * Identify and evaluate adverse political and economic trends to facilitate risk mitigation.
 * Assess the critical shortcomings of the operating environment that pose hidden barriers and costs to corporate profitability.
 * Contextualise Singapore's country risks against regional peers using BMI's country comparative Risk Index system.
 * Evaluate external threats to doing business in Singapore including currency volatility the commodity price boom and protectionist policies.

The Singapore Country Risk Report by Business Monitor International (BMI) includes four major sections:Economic OutlookPolitical OutlookOperational RiskandKey Sector Outlook.

Economic Outlook:

How will the Singapore' economic policy-making and performance impact on corporate profitability over 2015-2019?

BMI provides our fully independent 5-year forecasts for Singapore through end-2019 for more than 50 economic and key industry indicators. We evaluate growth and also forecast the impact of economic management.

Economic Outlook Contents

The Singapore Country Risk Report features BMI's forecasts with supporting analysis for 2015 through to end-2019 set against government views and BMI's evaluation of global and regional prospects.

Key Areas Covered:

Data:

 * Full 10-year forecasts with data - for key macroeconomic variables including GDP (real growth and per capita) population inflation current account balance and the exchange rate.
 * BMI's comprehensive Risk Index system - rates each country worldwide for economic and political risk and rates the business environment within a global and regional context.

Written Analysis:

 * Economic Activity - real GDP growth employment inflation consumption (retail sales and confidence).
 * Balance of Payments - trade and investment current and capital account.
 * Monetary Policy - interest rate trends (bank lending and deposit rates) and inflation (producer price and consumer price).
 * Exchange Rate Policy - currency controls foreign investment flows exchange rates and foreign exchange reserves.
 * Fiscal Policy - macroeconomic strategy and policies government finance and tax reforms.
 * Foreign Direct Investment - approvals inflows and climate.
 * External Debt - debt profile (short and long-term plus public and private sector obligations).
 * Global Assumptions - forecasts for each year to end-2019 covering: major commodities growth in key regions inflation and interest and exchange rates in the United States Japan China and the eurozone.

Key Benefits

 * Rely upon BMI's 100% independent forecast scenarios for Singapore and underlying assumptions - we take no advertising and are privately-owned.
 * Exploit the benefits of BMI's comprehensive and reliable macroeconomic database on Singapore sourced and fully maintained by BMI from an extensive network of private sector government and multilateral contacts.
 * Gain key insights into the current and future direction of government economic policy which could significantly affect your company's business prospects from BMI's team of analysts and economists.

Political Outlook:

What are the political risks to doing business in Singapore over the next 5-years?

BMI's Singapore country Risk Index evaluates the short- and medium-term threats to political stability.

Political Outlook Contents

 * SWOT Analysis for the Singapore Market - Political Strengths Weaknesses Opportunities and Threats facing Singapore.
 * Political Stability and Risk Assessment - BMI's Risk Index assesses explicit short- and long-term risks to political stability; latest positioning and trends for Singapore's risk are compared with regional and global averages.

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