Singapore 1Q GDP Rises 1.8% on Year

The video discusses Singapore's economic performance, highlighting a flat quarter-on-quarter growth and a 1.8% year-on-year increase in the first quarter. Manufacturing contracted while construction grew by 6%. Singapore is expected to grow 1-3% annually, facing challenges due to its export dependency and global economic conditions. The IMF predicts mediocre global growth, and Singapore is preparing for potential political and economic shocks, including Brexit and China's slowdown. Consumer prices have been declining for 16 months, and the Sing dollar weakened significantly last year. Economic and policy shocks from China and potential US rate hikes may further impact the currency.

What was the performance of the manufacturing and construction sectors in Singapore?

What external events are mentioned that could impact Singapore's economy?