Singapore 3Q GDP Expands 1.2%

The video discusses Singapore's economic figures, highlighting the impact of the global economy on its trading and services sectors. It addresses inflation and wage pressures, noting the tight labor market and full employment. The services sector's growth is analyzed, with a focus on government policies affecting wages and inflation.

How has the global economy affected Singapore's economic figures in recent quarters?

• Consistent growth across all quarters

• Stable figures with no revisions

• Choppy figures with revisions in the second and third quarters

• Decline in all economic sectors

What is the expected trend for the services industry in Singapore during the third quarter?

• Expected slowdown

• Complete collapse

• Stability with no changes

• Significant growth

What is causing upward pressure on inflation in Singapore?

• Decreasing wages

• Upward pressure on wages

• Declining global trade

• Stable labor market

What characterizes Singapore's labor market?

• Declining workforce

• Lack of labor policies

• Tight labor market with full employment

• High unemployment

How do labor policies in Singapore affect wage inflation?

• They have no impact on wage inflation

• They lead to wage deflation

• They reduce wage inflation

• They contribute to upward pressure on wages