I don't post much on the Singapore dollar (SGD) nor the country, but as a small, open economy it's useful to pay it heed
It's a bit of a "on the one-hand good and the other hand not quite so good" story from Singapore today: Singapore Q4 GDP hugely beats estimates, beats government forecasts also
- Singapore's economy posted surprisingly strong growth in the fourth quarter, although the outlook is clouded by worries over a slowdown in China and uncertainty over rising global trade protectionism under the incoming Trump Administration.
- "It's good, but...at 1.8 percent for full year, this is still very weak growth," said Edward Lee, an economist for Standard Chartered Bank in Singapore.
On balance it's a positive result. For Q3 the economy contracted (a revised 1.9%), so a +9.1% expansion for the quarter is not to be sneezed at.
