Tight financial conditions globally will continue to weigh on Singapore’s externally oriented sectors for the remainder of the year, according to experts. UOB said that sectors such as manufacturing, wholesale trade, transportation and storage could only stage a more meaningful recovery in the fourth quarter once major central banks start bringing down borrowing costs.  It said interest rate reduction would ease the current tight financial conditions globally, stimulate investment and boost consumption overseas, a trend that would benefit Singapore’s externally oriented industries.     https://sbr.com.sg/economy/news/tight-financial-conditions-weigh-gdp-growth-year-uob                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 16 July 2024