// Adds dimensions UUID, Author and Topic into GA4
Thursday, September 24, 2026
28.7 C
Singapore
type here...
Business
Less than 1 min.Read

S’pore only Asian economy to contract?

The Independent
By The Independent

By: Leong Sze Hian

I refer to the article “Singapore is only Asian economy to suffer contraction in nominal GDP in Q2: BNP Paribas” (Straits Times, September 27).

It states that “Unlike real GDP, nominal GDP is economic output at current prices without adjusting for inflation.”

Deflation – Nominal GDP matters more?

This may arguably be rather alarming, since we are in a deflationary cycle and what really matters to Singapore and in terms of what we earn and spend is the nominal GDP.

Despite liberal foreign labour & immigration policies?

What may be interesting to note is that the above is despite our continuing liberal foreign labour policies (employment change of only 500 local jobs against 49,000 foreign jobs in the last 18 months), and immigration policies (20,815 new citizens against 13,085 Singaporeans last year).

Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Singapore News

Indonesian woman makes second appeal to fund S$82K SMU MBA after first drew backlash

From a Threads post.A woman who was accepted at SMU's MBA programme but does not have enough money to attend is asking others for support
Law

10 months’ jail for technician in Singapore who stole red envelopes with NTUC vouchers, almost S$2K in cash

A building technician was jailed for 10 months after returning to OCBC Centre to steal more red packets eight days after his first theft.

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityIn the Hood
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks