Serbia will record an economic growth of three percent in 2011, according to the latest forecasts of the International Monetary Fund (IMF). Last year, the GDP growth was at 1.5 percent.
Posts Tagged ‘GDP’
STI off 0.1%; eyes on China GDP Thursday – SIAS
January 19th, 2011 |
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Singapore’s STI is off 0.1% at 3247.19, and has moved in a narrow 5-point band so far, as the market’s recent sideways trade continues.
“The market’s been more or less flat for the last couple of days, so we’re not expecting much movement until Thursday when China will release 4Q GDP results, if the number is quite bullish then we expect some form of cooling measures from Beijing, which would be negative for the market,” says Ng Kian Peck, an investment analyst at SIAS Research.
Singapore stocks lifted by Sembcorp Marine, eyes China GDP data
January 18th, 2011 |
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Singapore shares were slightly higher at the midday on Tuesday, led by rig-builder Sembcorp Marine (SCMN.SI) after it said it won upgrading and newbuild contracts.
By the midday break, the Straits Times Index (STI) <.FTSTI> was up 6.10 points at 3,244.79. The total value of shares traded in the morning session was $663 million, up slightly from $655.2 million on Monday.
Services to drive Singapore GDP in 1H – J.P. Morgan
January 3rd, 2011 |
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Singapore’s economy is likely to remain strong in 1H11, driven by the services sector, says J.P. Morgan economist Matt Hildebrandt in a note.
“Looking ahead to 2011, we expect growth to be strongest in 1H and we expect growth drivers to rotate to services from manufacturing relative to 2010. Moreover, the economy overall should cool and we look for 5% growth in 2011.”
Singapore to announce advance Q4 GDP data on Jan 3
December 27th, 2010 |
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Singapore will report advance fourth quarter and full year GDP data at 8 am on Jan 3, the government said today. In the third quarter, the economy contracted 18.7% on a seasonally adjusted annualised basis. On a year-on-year basis, the economy rose 10.6% in the third quarter.
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Public debt reaches 38.5% of GDP
December 15th, 2010 |
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Serbia’s public debt at the end of November 2010 reached EUR 11.62bn, which is 38.5 percent of GDP. The Serbian Finance Ministry said in Belgrade today that at the end of 2009, public debt was EUR 9.85bn, that is 32.9 percent of GDP, which means that in eleven months of 2010 it increased by about EUR 1.77bn.
Credit Suisse ups Singapore 2011 GDP growth forecast to 4.7%
December 10th, 2010 |
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Credit Suisse raises its Singapore 2011 real GDP growth forecast to 4.7% from 4.2%, reflecting a more positive global outlook for 2011.
“The more positive global economic growth outlook (especially for the G3 economies) augurs well for Singapore.”
While strategist Sakthi Siva is Underweight Singapore (mainly due to valuations), she prefers export-oriented markets that will benefit from the recovery in global industrial production over domestic defensives. She says sectors that would benefit from the recovery in global IP include capital goods, transport and commodity names.
Credit Suisse tips Singapore 4Q GDP +10.5% on-quarter
December 9th, 2010 |
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Singapore’s 4Q GDP is likely to rebound 10.5% on-quarter, seasonally-adjusted, annualized vs 18.7% contraction in 3Q; 2010 GDP likely +15.2% on-year, above government expectations, Credit Suisse says in a report.
Adds, “government revenues are likely to come in much higher than expected, thanks in part to the surge in betting revenues from the two new casinos, stamp duties from property transactions, and higher goods and services tax revenues from the rebound in retail sales.”
Govt. aiming at double digit GDP growth in medium term: Pranab Mukherjee
November 20th, 2010 |
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Union Finance Minister Pranab Mukherjee on Friday said the government is aiming at a double digit Gross Domestic Product (GDP) growth in the medium term, and added that there is already an upturn in investment and private consumption demand, revival of merchandise exports and buoyancy in capital flows, which can support this growth. Addressing the [...]
Public debt 38.1% of GDP at end of October
November 12th, 2010 |
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Serbia’s public debt reached EUR 11.48 billion at the end of October 2010, which equals 38.1 percent of the GDP. This was announced on Friday in Belgrade by the Serbian Finance Ministry.
Singapore factory ouput spurt points to GDP growth revision
October 26th, 2010 |
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Singapore’s manufacturing output accelerated sharply in September after getting an unexpected boost from the volatile pharmaceuticals sector, likely pointing to higher economic growth in the third quarter.
Manufacturing output grew 26.2% on year in September, according to data released by the Singapore Economic Development Board Tuesday. This was higher than the 18.9% median forecast of eight analysts polled by Dow Jones Newswires as well as all the individual estimates in the poll.
Singapore set to raise 3Q GDP growth estimate-CIMB
October 26th, 2010 |
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Singapore government likely to revise 3Q GDP growth upward to 10.8%-11% vs estimated +10.3% on year, CIMB economist Song Seng Wun says after September manufacturing output unexpectedly +26.2% on year vs revised +7.7% August, +18.9 estimated by Dow Jones poll of 8 economists.
Beyond GDP
September 20th, 2010 |
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A new global comparison of standards of living
MANY people complain that conventional measures of GDP fail to capture a country’s true standard of living. But their attempts to improve on these conventional metrics are ad hoc. In a new paper* Charles Jones and Peter Klenow of Stanford University propose a new measure of standards of living based on a simple thought experiment: if you were reborn as a random member of another country, how much could you expect to consume, in goods and leisure, over the course of your life? America, for example, has a higher GDP per person than France. But Americans also tend to work longer hours and live shorter lives. They also belong to a less equal society. If you assume that people do not know what position in society they will occupy, and that they dislike being poor more than they like being rich, they should prefer more egalitarian societies, everything else equal. For these reasons, the authors calculate that France and America have about the same standard of living.
More Daily charts …
Singapore aims for manufacturing at 20-25% of GDP: Tharman
September 12th, 2010 |
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Singapore aims to keep its manufacturing sector contributing between 20 and 25 percent of gross domestic product in the long term, Finance Minister Tharman Shanmugaratnam said today in an interview in Copenhagen.
“It means moving up the value curve towards more R&D and design-intensive activities,” Shanmugaratnam said, adding that the target was “very ambitious,” although the city-state is close to the 25 percent level currently.
“Singapore is a very good place for prototyping, particularly for companies aiming at Asian markets,” he said. “Singapore provides the safety for intellectual property.”
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Singapore’s Q3 GDP to grow 11.6% y-o-y
September 1st, 2010 |
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Singapore’s economy is expected to grow 11.6% in the third quarter from a year earlier, slowing from an 18.8% rise in the second quarter, a central bank survey showed.
The economy will grow 14.9% in 2010, according the median forecast of 20 economists in a central bank survey, at the upper end of an official forecast of 13-15% expansion this year.
Singapore casinos to contribute $2b to GDP, DBS says
August 26th, 2010 |
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Singapore’s two casino resorts will contribute about $2 billion to gross domestic product this year, providing a 0.7 percentage-point boost to growth, according to DBS Group Holdings.
Genting Singapore Plc’s US$4.7 billion ($6.37 billion) Resorts World Sentosa and the US$5.5 billion Marina Bay Sands, owned by billionaire Sheldon Adelson’s Las Vegas Sands Corp., added about $470 million to GDP in the first half, economist Irvin Seah said in a report today. The “small” first-half contributions came even as Resorts World and Marina Bay Sands, which opened in January and April respectively, weren’t fully operational, he said.
“A Sustainable Level of Bank Profits Appears to be About 1% of GDP”. Higher Bank Profits Lead to a Ponzi Economy and a Depression
August 13th, 2010 |
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I’ve previously noted that concentration of all the poker chips in a couple of hands ends the poker game.And I’ve repeatedly pointed out that when banks get too big, it hurts the economy.I’ve also noted that the government actually encouraged the big b…
Singapore may lower 2Q GDP estimate a tad: DBS
August 6th, 2010 |
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Singapore may reduce 2Q GDP estimate to +18.7% on year vs +19.3% previously reported, cut estimate for adjusted, annualised GDP to +24.1% on quarter vs +26% reported on pullback in manufacturing, especially pharmaceuticals, DBS says in note.
“Volatility is the hallmark of the pharmaceutical industry due to the nature of its production process. Having ramped up production since the start of the year, it should not come as a surprise to see some more producers shutting down production in June to do the necessary maintenance and sterilization before embarking on the next batch of drugs,” says DBS.
SingPost revenue likely strong but to lag GDP: UBS
July 16th, 2010 |
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UBS raises Singapore Post (S08.SG) target price to $1.27 from $1.15, maintains Buy call on stock, according to Dow Jones.
UBS expect company’s revenue to be strong in coming quarters due to booming domestic economy.