Military Review

World Finance Indicator: Singapore's economy is in recession, a record since 1998

68

Macroeconomic analysts have turned their eyes on Singapore, which is considered an indicator of the state of affairs in the global financial and economic system. For the first time since 2009, the country is on the path of recession. In the first quarter, GDP is expected to fall by 2,2%. This is an anti-record since 1998.


The economy of Singapore, according to the IMF, since 1980 has grown on average annually by about 6%. And over the past 40 years, the decline in GDP at the end of the year in this country was recorded 4 times: in 1985, 1998, 2001 and 2009. The biggest failure was in 1998 - about 2,2%.

New realities suggest that recession will occur at the end of this year. At the moment, forecasters have not decided on its possible parameters, however, they noted a negative trend - a fall can reach 4% of GDP. The fact is that the Singapore economy is a kind of indicator of the global economy. From the beginning of the 90s, the situation was as follows: the fall in Singapore's economy occurred simultaneously with the deceleration of the entire global economy.

Singapore Media:

The economy is on the verge of a recession, which is a sign of an imminent recession in all markets of Southeast Asia.

In turn, the recession in the markets of Southeast Asia cannot but affect the economy of the whole world.

Nikkei Asian Review:

Singapore is on its way to a recession. Thailand predicts that its economy will contract as it did during the financial crisis of 1997-1998. The Thai economy is projected to fall 5-6 percent, and this is the worst result in 22 years. In Singapore, meanwhile, the decline is recorded in all key sectors. The largest drop was in the construction industry: 4,3% since the beginning of the year. The service sector dipped 3,1%. According to the results of 2020, Singapore is expected to miss 30 percent of tourists, and the tourism sector gives the country up to 4% of GDP.

The material says that the government is taking emergency measures to prevent an avalanche of unemployment. The Singapore Cabinet of Ministers undertook to compensate 8% of the salary of any employee (including the private sector), provided that this salary does not exceed on average 3,6 thousand Singapore dollars per month (about 197 thousand rubles). For Singapore, 8% of this amount is scanty money, but economists have appreciated the fact of state support. Additional support is the provision of a tax break package.
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  1. Victor_B
    Victor_B 26 March 2020 07: 59 New
    +6
    Well - together we will regret Singapore!
    But if you take it as a thermometer under the armpit, then ... there is no buzzing!
    We are waiting for a dry cough in finance and acute pain in the industrial sector ...
    Well, some "old people" - get ready for takeaway.
    Well, to some especially greyhound young ones, for example Tribaltic. The Americans will not give them their “last shirt,” but they will help them with coffins. Nothing personal ... With a preliminary opportunity.
    1. Sling cutter
      Sling cutter 26 March 2020 08: 09 New
      +3
      If we take into account that Singapore is in 22nd place, and we are in 23rd, then what kind of recession are we rushing into?
      1. Victor_B
        Victor_B 26 March 2020 08: 11 New
        0
        Quote: Stroporez
        then what kind of recession are we rushing into?
        The world economy was meant.
        Well, and we ... We are part of her. We will look at how strong.
        Let's hope that on our “thermometer” the temperature does not jump so high.
        Well, or tea with honey and raspberry jam is enough. For treatment.
        1. The leader of the Redskins
          The leader of the Redskins 26 March 2020 08: 18 New
          +2
          As for me, for the past five years, our ears have been regularly lubricated with these “honey and jam”. It seems like sweetness is present, but in the mouth it’s hungry like that ...
          1. orionvitt
            orionvitt 26 March 2020 09: 44 New
            0
            Quote: Leader of the Redskins
            hungry like that ...

            Dragged off? laughing
            1. Vadim237
              Vadim237 26 March 2020 11: 46 New
              0
              So they got thin that they can barely knock on the clave.
        2. The comment was deleted.
        3. Sling cutter
          Sling cutter 26 March 2020 16: 34 New
          0
          Quote: Victor_B
          Well, or tea with honey and raspberry jam is enough. For treatment.

          Unfortunately, we already passed this stage of possible treatment, we even went through a snowstorm, now only the guillotine.
      2. Oyo Sarkazmi
        Oyo Sarkazmi 26 March 2020 08: 38 New
        -1
        Quote: Stroporez
        then what kind of recession are we rushing into?

        Gee! After 1998, T-bills at 500% per annum, are you really afraid of anything?
        1. rocket757
          rocket757 26 March 2020 08: 45 New
          +3
          EVERYTHING will suffer, no doubt!
          It’s just interesting, but what will suffer harder and what will be faster to find out, production of material values ​​or trade in “air” ???
          1. Victor_B
            Victor_B 26 March 2020 08: 51 New
            +1
            Quote: rocket757
            wealth production or air trade

            Let's hope that the commodity quantity of stock market bugs jumps out of windows.
            1. rocket757
              rocket757 26 March 2020 08: 58 New
              +3
              Quote: Victor_B
              Let's hope that the commodity quantity of stock market bugs jumps out of windows.

              Which have really become fat and forgotten how to fly ... can end badly, and the rest will fly apart and will look for a new, OWN, bunch of suitable material, substance, for rolling new balls / bubbles. There are such bugs, Ms. Ms. Ms. not so simple they publish.
            2. Vadim237
              Vadim237 26 March 2020 11: 48 New
              -1
              And what is it to them to jump from the windows? They, like me, earn the second week from falling oil prices and American papers.
          2. primaala
            primaala 26 March 2020 09: 24 New
            +2
            Quote: rocket757
            EVERYTHING will suffer, no doubt!
            It’s just interesting, but what will suffer harder and what will be faster to find out, production of material values ​​or trade in “air” ???

            Air trading. (as always). If you consider ... WHO is behind Singapore. It’s easy to understand by looking at the story ... Suddenly, where are you going !!! suddenly got rich "town" (islets) called Singapore.
            (funny. Eybo !!!)
            1. rocket757
              rocket757 26 March 2020 09: 51 New
              +3
              Bubbles inflate, deflate ... rocking horses develop a breather.
          3. Gene84
            Gene84 26 March 2020 17: 01 New
            +9
            Quote: rocket757
            trade in air

            Unfortunately, speculators on the exchange find themselves faster.
            1. rocket757
              rocket757 26 March 2020 17: 45 New
              +3
              "good deal", play on human vices .... lucrative. However, to plunge themselves, themselves, themselves.
      3. orionvitt
        orionvitt 26 March 2020 09: 42 New
        0
        Especially when you consider that Singapore does not produce anything at all, has no natural resources at all and is added exclusively as a transshipment base. So who will be worse?
        1. Lannan Shi
          Lannan Shi 26 March 2020 10: 54 New
          +1
          Quote: orionvitt
          Especially when you consider that Singapore produces nothing at all,

          The share of manufacturing in Singapore's GDP is 22%, in Russia 17. It is not worth declaring that Singapore "produces nothing at all." And it will turn out. that we produce even less than "nothing at all."
      4. Machito
        Machito 26 March 2020 11: 17 New
        0
        Does Singapore produce anything? In my opinion, this is another financial center selling paper.
      5. Aleksandr1971
        Aleksandr1971 26 March 2020 11: 23 New
        -3
        What do you mean by these numbers? What is Russia in the world in terms of GDP in 23rd place, and Singapore in 22nd place? - it is not true
        1. kot28.ru
          kot28.ru 26 March 2020 15: 09 New
          -1
          Alexander1971 (Alexander) Today, 11:23
          -1
          What do you mean by these numbers? What is Russia in the world in terms of GDP in 23rd place, and Singapore in 22nd place? - it is not true

          certainly not true
          Now, if Ukraine is put in first place, and not the United States, it’s true wassat
      6. CSKA
        CSKA 26 March 2020 12: 23 New
        -4
        Quote: Stroporez
        Given that Singapore is in 22nd place, and we are in 23rd

        In which ranking?
      7. Alex Justice
        Alex Justice 26 March 2020 16: 08 New
        0
        They are not bad with the epidemic:
        https://parsonstwins.000webhostapp.com/?fbclid=IwAR0RKyuV3UHi-eyDrkSYIzUdAqc8mDwgPzFdn5V9ZLTT82qyc0jx4y96JTw
        The reason?
    2. Mountain shooter
      Mountain shooter 26 March 2020 08: 51 New
      +3
      Quote: Victor_B
      Well, to some especially greyhound young ones, for example Tribaltic.

      Tribaltics is an empty trifle. Like the expected default VNA. Maybe the United States will "roll in" ... They have already begun to print the dollar at a monstrous pace ... But the dollar rests only on "trust" - that it is not an empty piece of paper ...
      1. Victor_B
        Victor_B 26 March 2020 08: 55 New
        0
        Quote: Mountain Shooter
        And the dollar rests only on "trust" - that it is not an empty piece of paper ...

        But the insidious Putin and undermines this "trust"!
        As if Trump didn’t break the lid ...
        Like a little victorious. With Russia ... In the hope that without nuclear weapons ...
        Let's hope the cover is screwed tight.
        Again, it’s not too late to give the “back” with sanctions and abruptly make peace with Russia, only they will not allow him, even if he passionately wants to.
        1. Mountain shooter
          Mountain shooter 26 March 2020 09: 00 New
          +1
          Quote: Victor_B
          Like a little victorious. With Russia ... In the hope that without nuclear weapons ...
          Let's hope the cover is screwed tight

          And what "little victorious" can be with Russia? Who will fight? From their side? Moreover, without nuclear weapons. This will be a loss! Will not be elected for anything! Since the Korean War, the United States counts
          they can’t deliver anything serious. Vietnam? Iraq? Afghan?
          1. Victor_B
            Victor_B 26 March 2020 09: 01 New
            0
            Quote: Mountain Shooter
            And what "little victorious" can be with Russia?

            Yes, I’m saying, if the lid of the teapot really flies!
            Armed conflict at the borders of these very stinky bugs. Or in Syria, a direct clash.
            And then - the alarm! Plaster is removed, the client leaves!
            State of emergency! The elections are rescheduled! Democrats to ban! (Temporarily)
      2. Victor_B
        Victor_B 26 March 2020 09: 00 New
        +1
        Quote: Mountain Shooter
        Tribaltics is an empty trifle.

        Small bug - yes smelly!
        1. rocket757
          rocket757 26 March 2020 09: 57 New
          +2
          They are not like that, life is like that!
          Who, what learned to sell ... air, colored pieces of paper, empty promises, loyalty and further on the list.
          It seems like any bullshit, however, have or have had their own "threefold" ??? Let's see how it goes.
    3. Gene84
      Gene84 26 March 2020 18: 05 New
      +9
      Quote: Victor_B
      Well - together we will regret Singapore!

      Why feel sorry for him, they will be fine in Singapore in the end.
  2. Nychego
    Nychego 26 March 2020 08: 10 New
    -2
    “Lucky” the global economy with the onset of the cyclical crisis - the virus will significantly aggravate it.

    Our "luck" is even deeper - three military conflicts (urgently transferred to a sluggish phase), a systemic crisis, an increase in fermentation in society. Against such an interesting economic background, some may not have time to enjoy the fruits of autocratic rule. repeat
    1. Insurgent
      Insurgent 26 March 2020 08: 18 New
      -4
      Quote: Nychego
      “Lucky” the global economy with the onset of the cyclical crisis - the virus will significantly aggravate it.

      Our "luck" is even deeper - three military conflicts (urgently transferred to a sluggish phase), a systemic crisis, an increase in fermentation in society. Against such an interesting economic background, some may not have time to enjoy the fruits of autocratic rule. repeat

      Yes ! Heap, a tangle of problems, put off "for later" ???
    2. Aerodrome
      Aerodrome 26 March 2020 08: 20 New
      -1
      Quote: Nychego
      Our "luck" is even deeper

      you do not understand the whole depth of our depths! with us, the trumpet!
      1. Oyo Sarkazmi
        Oyo Sarkazmi 26 March 2020 08: 36 New
        +4
        Quote: Aerodrome
        ! with us, the trumpet!

        Please note - Jericho!
      2. rocket757
        rocket757 26 March 2020 08: 46 New
        +1
        Quote: Aerodrome
        you do not understand the whole depth of our depths! with us, the trumpet!

        If the PIPE business, we call the pipeline troops! let them put things in order.
        1. Aerodrome
          Aerodrome 26 March 2020 08: 51 New
          +1
          Quote: rocket757
          Quote: Aerodrome
          you do not understand the whole depth of our depths! with us, the trumpet!

          If the PIPE business, we call the pipeline troops! let them put things in order.

          commanders-in-chief: Miller and Sechin are ready for your orders!
          1. rocket757
            rocket757 26 March 2020 08: 55 New
            +2
            No, no, not for those ... to approach such ones, even to mow in their direction, is more expensive for yourself.
            We really have Pipeline troops in the structure of the Ministry of Defense, the ministry of Minister Shoigu ... although they are armed, they don’t seem so dangerous and they inspire confidence more.
          2. Gene84
            Gene84 26 March 2020 17: 07 New
            +9
            Quote: Aerodrome
            Commander in Chief: Miller and Sechin

            such "commanders" to change the time.
      3. Vadim237
        Vadim237 26 March 2020 11: 51 New
        0
        If your sewerage has broken through and your water supply, then yes - you have a pipe.
    3. Victor_B
      Victor_B 26 March 2020 08: 21 New
      +2
      Quote: Nychego
      growth of fermentation in society.

      Diligently combed by our liberals for money, you yourself know where.
      Well, satanic dances in foreign media about the fact that Russia is to blame for everything!
      1. Nychego
        Nychego 26 March 2020 08: 33 New
        -5
        Quote: Victor_B
        Carefully combed by our liberals ...

        They don’t scratch there - they come from somewhere on the “back side”, and people scratch their heads.

        A little off topic:
        It was ten days ago that in the Ural province on a business trip (training one working specialty) and in smoking rooms, of course, he shared fresh jokes. All four stories of the joke, beginning with the words "Putin died ..." (well, the joke that about the nullification of the redemptive measures through the "weavers in zero gravity") were interrupted by the audience saying "Hurry up!".
        1. Aerodrome
          Aerodrome 26 March 2020 08: 52 New
          +4
          Quote: Nychego
          It was ten days ago that in the Ural province on a business trip

          and we live like that.
          1. Victor_B
            Victor_B 26 March 2020 09: 49 New
            +4
            Quote: Aerodrome
            Quote: Nychego
            It was ten days ago that in the Ural province on a business trip

            and we live like that.
            A man unexpectedly found for himself that beyond the MKAD there is a certain "province" inhabited cattle "provincials" and shares his impressions.
            The fact that there are 4 options for a joke about Putin have not yet heard.
            And the people, considering this little animal of the capital, nodded their heads.
            Like listening!
            I’m also a provincial and have not heard these jokes ...
            Feeling cattle.
            1. Aerodrome
              Aerodrome 26 March 2020 09: 54 New
              -1
              Quote: Victor_B
              A man unexpectedly discovered for himself that beyond the MKAD there is a certain "province" populated by cattle "provincials" and shares his impressions.

              this is normal ... there would be more of such "tourists" because of the Moscow Ring Road.
              1. Victor_B
                Victor_B 26 March 2020 09: 55 New
                +1
                Quote: Aerodrome
                more such "tourists" because of the Moscow Ring Road.
                Nah!
                This ambition (from the word gonorrhea) the capital is incurable!
                1. Aerodrome
                  Aerodrome 26 March 2020 10: 00 New
                  -1
                  at least the brains are right. with the district yes we decide.
                  1. Victor_B
                    Victor_B 26 March 2020 10: 03 New
                    +1
                    Quote: Aerodrome
                    even brains right

                    It is impossible to correct the absence!
                    1. Aerodrome
                      Aerodrome 26 March 2020 10: 07 New
                      0
                      [quote] Victor_B] [quote = Airdrome] at least the brains are right
                      You can’t correct the absence! [Everything can be, it's like crushing. learn the law of hydraulics. [/ quote]
                      1. Victor_B
                        Victor_B 26 March 2020 10: 09 New
                        0
                        Quote: Aerodrome
                        learn the law of hydraulics.

                        Hydraulics passed not five points.
                        The term "elementary stream" is still in my memory!
                        But there was nothing about brain pumping of the skull ... laughing
                      2. Aerodrome
                        Aerodrome 26 March 2020 13: 49 New
                        0
                        Quote: Victor_B
                        Quote: Aerodrome
                        learn the law of hydraulics.

                        Hydraulics passed not five points.
                        The term "elementary stream" is still in my memory!
                        But there was nothing about brain pumping of the skull ... laughing
                        now there is probably.
      2. Sidor Amenpodestovich
        Sidor Amenpodestovich 26 March 2020 08: 54 New
        +4
        I wonder why some people believe that as soon as Putin is gone, their life will instantly and grandly improve?
        Do the officials instantly stop stealing, and in general will all people turn into crystal-clear, extremely moral, and most conscious citizens?
        1. Nychego
          Nychego 26 March 2020 08: 59 New
          0
          Quote: Sydor Amenpospestovich
          ... why is it believed by some that as soon as Putin does not become, their life will instantly and grandly improve?

          Rather, they believe not an instant improvement, but the emergence of hope for positive changes in some perspective. My grandmother, born in 1910, said: “He gave Lenin hope to people,” as if implying that the preceding government was not capable of producing and distributing this more intangible, but significant resource.
          1. Sidor Amenpodestovich
            Sidor Amenpodestovich 26 March 2020 09: 32 New
            -1
            This is clear. Such people perceive such changes as a thunderstorm - it has flown up, rumbled and poured out, and now there is a clear sky, bright sun and extraordinary freshness.
            Extremely infantile and irresponsible position.
            1. Nychego
              Nychego 26 March 2020 09: 57 New
              0
              Mr. Marx deigned to speak:
              “The weapon of criticism cannot, of course, replace criticism with weapon, material force must be overturned by material force; but the theory becomes material force as soon as it takes possession of the masses. The theory is able to take control of the masses when it proves ad hominem, and it proves ad hominem when it becomes radical. To be radical means to understand a thing in its root. But for a person, man himself is the root. "

              In fact, either you provide people with an interesting idea that attracts their idea based on a theory, or they will get this idea from other sources.
              Alas, the idea of ​​Faith, Tsar, Fatherland, and other superyachts of the ruling oligarchy did not enter the people, which is not at all surprising.
              "Getting up from my knees" also somehow too tightened up and turned into a couple of tens of millions of impoverished.
              There is no positivistic idea that people would be ready to be deceived en masse at all. Hopelessness is contrary to human nature, but the broadest masses are no longer ready to connect the revival of hope with the current government, because the most desperate and rush into the arms of populists or even radicals, while others are simply waiting for a change not in the behavior of the authorities, but in its structure and representative personalities.
              1. Sidor Amenpodestovich
                Sidor Amenpodestovich 26 March 2020 10: 09 New
                0
                In fact, for the vast majority of people, the attractive idea is this: a carefree idle existence among beautiful landscapes, where the result of any action is impeccable the first time.
                And if this does not happen, then it doesn’t, it doesn’t fit, everything is bad and remove.
                1. Nychego
                  Nychego 26 March 2020 10: 12 New
                  0
                  Quote: Sydor Amenpospestovich
                  In fact, for the vast majority of people, the attractive idea is this: a carefree idle existence among beautiful landscapes, where the result of any action is impeccable the first time.

                  Fortunately, the share of idealists in this world is not so great.
                  1. Sidor Amenpodestovich
                    Sidor Amenpodestovich 26 March 2020 10: 20 New
                    +1
                    Idealists, for the most part, are passive, and regret and resent, mainly during the joint drinking or in the comments. They are completely harmless, but hopelessly boring.
                    1. Nychego
                      Nychego 26 March 2020 10: 27 New
                      0
                      Quote: Sydor Amenpospestovich
                      They are completely harmless ...

                      Only the "manila".
                      There are also active idealists. These are very dangerous if they slip an attractive idea.
        2. Aerodrome
          Aerodrome 26 March 2020 18: 35 New
          0
          Quote: Sydor Amenpospestovich
          I wonder why some people believe that as soon as Putin is gone, their life will instantly and grandly improve?

          I wonder why it gets worse, instantly and grandly? : Putin Everything contains?
          1. Sidor Amenpodestovich
            Sidor Amenpodestovich 26 March 2020 19: 09 New
            0
            I did not understand your question, but another is amusing. Why do you, a person with a higher, Soviet education, allow yourself such mistakes?
            worsen

            And this is not an isolated case. You are very neglectful about writing your own thoughts in writing. Is it age-related, or is untidiness in general inherent to you?
  • rotmistr60
    rotmistr60 26 March 2020 09: 39 New
    0
    Nychego
    ... and people are scratching their heads.
    Judging by your profile picture, you are already combed out under the oppression of the "bloody regime". An article about the recession of the Singapore economy, and you with your eternal grumbling against our president. Not tired?
    1. Nychego
      Nychego 26 March 2020 10: 10 New
      -1
      Quote: rotmistr60
      Judging by your avatar

      For your enlightenment: it depicts Mohandas Karamchand Gandhi.
      Quote: rotmistr60
      you are under the yoke of the "bloody regime"

      He’s not so bloody. Thieving, stupid, condemning Russia to sad historical prospects - maybe, and even with bloodshed he didn’t wonder, he was stuck somewhere at the level of “chizhik eaten”.
      Quote: rotmistr60
      grumbling against our president

      If it were only your president, I would not care about him as much as at any Macron, alas, he is also the president of the country in which I live and whose present and future are not indifferent to me.
      1. rotmistr60
        rotmistr60 26 March 2020 10: 21 New
        +1
        it depicts Mohandas Karamchand Gandhi.
        Thank you, but I know it very well, because born too long and studied at a Soviet school and military university. Regarding the "ours-yours" president - what edge is it to Singapore?
        1. Nychego
          Nychego 26 March 2020 10: 25 New
          0
          Quote: rotmistr60
          ... what is the edge to Singapore?

          Not he to Singapore, but "Singapore", i.e. the beginning of the next cyclical world economic crisis to us. The back edge, and on top.
          1. rotmistr60
            rotmistr60 26 March 2020 10: 27 New
            0
            Well, the “back edge from above” not only to us, but to the entire world economy, 2020 will come round. hi
            1. Nychego
              Nychego 26 March 2020 10: 32 New
              0
              Who would argue. Here, the Indians were outstripping as if their growth rates did not significantly decrease ... I dare to assume that they will decrease significantly, but still remain one of the highest in the world (according to them, Indian statistics are generally the highest). Alas, we will have slightly different economic experiences.
  • fa2998
    fa2998 26 March 2020 13: 19 New
    0
    Quote: Bearded
    Does Singapore produce anything? In my opinion, this is another financial center selling paper.

    Well, yes, when the president is shown a “purely Russian product” —and they dug up — this phone was made and imported parts in SINGAPORE (and sawed the money). hi
  • 23424636
    23424636 26 March 2020 13: 25 New
    0
    let this Singapore lie at the bottom. This is the Chinese gate to the world, even if the Chinese are worried. Here is one person from Donetsk .fell after South Korea to Singapore. jumped and touched the local beggars. But then somehow funny, affordable girls drove up to him. Well, it's so easy to talk. . Well, the brow showed how everything is fine and fine. One of these ladies offered him friendship and a hand. The boy agreed, and there the Indonesian mafia is very strongly represented. They said it is necessary to do the rite in the Muslim style. The comrades are made Mohamed and arrange a wedding. They sign some kind of complicated paper, typically marriage obligations. And there are a lot of asterisks and small text. On which they did not even give him attention to watch, they all kept for genitals. Then this lady introduces the groom to her young son and, as it were, says that now you are like a father to him. Donetsk got a little nervous. But it swept. A month later, this Singaporean filed for divorce and alimony. The cost of showing up 2 pieces for American money a month .. He started running around on lawyers and others. And you got him. There are hundreds of Europeans and CIS immigrants working as slaves for pimps don't try to run. Chel remembered the Ukrainian international passport. He hid in a bank cell and through Thailand wound to Hong Kong, where life is more calm and not dangerous.