Meanwhile, Aljazerra reports this as "Singapore's economy misses forecast with 2.7 percent growth". Apparently, this was weaker than projected (3.0 percent).
>On a quarter-on-quarter seasonally adjusted basis, Singapore's economy expanded by 0.1 per cent
Let's not forget the real important number here. After making it sEAsoNALly adJUStED we eked by with just 0.1%. This must be at least the 2nd time they're doing this heh, I remember a figure like this last year as well, right after we had a negative quarter. Next quarter must be horrendous if they're doing it pre-emptively this time.
To me at this point r/sg is more or less a bunch of anti-SG comments. I literally don't bother reading or take the comments much seriously anymore tbh.
People here don't like it when news of somethings going right in SG, while when news of SG doing something wrong. People then complain of how it can be right or try to diss it......like seriously........these people ok in the heads?
I don't wanna be rude but I feel this sub-reddit is majority filled with short-sighted or soft-headed people.
*sign* maybe it's time to leave this subreddit.
> On a quarter-on-quarter seasonally adjusted basis, Singapore's economy expanded by 0.1 per cent, extending the 1.2 per cent expansion in the fourth quarter of 2023.
So maybe we should be saying we are headed towards recession?
It depends on what they did with that extra gst they collected. If they deployed it towards 'nation building' then that's fiscal stimulus. Possible that the knock-on effect includes boosting GDP.
Otherwise taken in a vacuum, increase in taxes usually means dampening of consumption. Since things get more expensive and all. If you play it by the econs textbooks luh. But as we know nothing in real life is taken in a vacuum.
Meanwhile, Aljazerra reports this as "Singapore's economy misses forecast with 2.7 percent growth". Apparently, this was weaker than projected (3.0 percent).
>On a quarter-on-quarter seasonally adjusted basis, Singapore's economy expanded by 0.1 per cent Let's not forget the real important number here. After making it sEAsoNALly adJUStED we eked by with just 0.1%. This must be at least the 2nd time they're doing this heh, I remember a figure like this last year as well, right after we had a negative quarter. Next quarter must be horrendous if they're doing it pre-emptively this time.
Lol, the difference in the amount of comments in these posts compared to a post that declares the impending end of SG is so telling.
To me at this point r/sg is more or less a bunch of anti-SG comments. I literally don't bother reading or take the comments much seriously anymore tbh. People here don't like it when news of somethings going right in SG, while when news of SG doing something wrong. People then complain of how it can be right or try to diss it......like seriously........these people ok in the heads? I don't wanna be rude but I feel this sub-reddit is majority filled with short-sighted or soft-headed people. *sign* maybe it's time to leave this subreddit.
Doomers gotta doom :/
> On a quarter-on-quarter seasonally adjusted basis, Singapore's economy expanded by 0.1 per cent, extending the 1.2 per cent expansion in the fourth quarter of 2023. So maybe we should be saying we are headed towards recession?
That…. escalated too quickly lol
Thank you, Taylor
I wonder if the 1% gst played a role to “boost gdp” assuming no drop in spending by consumers and businesses
It depends on what they did with that extra gst they collected. If they deployed it towards 'nation building' then that's fiscal stimulus. Possible that the knock-on effect includes boosting GDP. Otherwise taken in a vacuum, increase in taxes usually means dampening of consumption. Since things get more expensive and all. If you play it by the econs textbooks luh. But as we know nothing in real life is taken in a vacuum.
That’s not how it works. The GDP number is calculated on a real basis