Singapore: businesses’ cash flow impacted by higher bad debt write offs than last year

Singapore: businesses' cash flow impacted by higher bad debt write offs than last year

Exports and industrial production recorded increases of more than 4% and 7% respectively, and private consumption remained strong. Although the city-state continues to be one of the strongest countries in the world in terms of sovereign risk and macroeconomic fundamentals, economic expansion in Singapore is likely to moderate this year and in 2020. Any destabilising effect, however, should be limited due to Singapore´s economic resilience.

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