While Singaporean Pundits May Fixate on the Unexpected Fall in NODX, the Real Story is the Alarming Long Term Drop in Consumption and Rise in Net Exports as a Percentage of GDP
Enterprise Singapore recently published data showing a year-on-year decline in Non-Oil Domestic Exports (NODX) of 20.7% in March, which was significantly worse than most economists expected. This was made worse […]
Is a Realistic Measure of the Size of Singapore’s Economy Only About Half What the PAP Government Says It Is?
I remember discussing Singapore’s development strategy with my Economics Director of Studies at Cambridge University, Professor Ajit Singh, in 1983. He said Singapore had pursued a similar strategy to Ireland, […]
Another Blow to PAP’s Attempts to Game the System as Trump Lets Loose a Broadside Against the WTO
Yesterday Trump tweeted: While the main aim of his broadside is China the list of other countries which are classified as developing includes Singapore, the United Arab Emirates and some […]
If PAP Were Planning An Early Election Before Things Got Worse They Have Missed the Boat
Today’s Ministry of Trade and Industry (MTI) release of GDP for the first quarter 2019 actually shows an acceleration in annualized quarter-on-quarter growth to 3.8% despite the drop in year-on-year […]
US Tax Reform Could Raise US GDP by 1.4%. But How Much Will It Lower Singapore’s GDP?
The Republican tax plan is now almost certain to become law by the end of this year. As I write it has been passed by the Senate and the House […]
Plunging Exports Will Result in Many Years of Slow Growth Without a Change in Policy
In the light of the big drop in exports in January 2016 over the same month last year it is likely that growth for the final quarter of 2015 will […]
No idea what to do? Talk about the long-term instead
On the first day of CNY Lee Hsien Loong was up early and distributing mandarins and red packets to the Changi Airport workers unfortunate enough to be working on a […]
I Bet You Did Not Know This about Recession.
Regular readers of my scribblings will know that I have frequently drawn attention to the fact that Singapore has been on the verge of recession several times but only narrowly avoided […]
Perspiration without Inspiration. Singapore’s Role in the Asian Economic Boom.
The death of Lee Kuan Yew has shown that much of the rest of the world believes that he brought about an economic miracle in Singapore. Furthermore the world believes that […]
The Ricebowl Singapore (TRS) 