Growth in Q1 2018 moderated to 5.4% year-on-year (y-o-y) from 5.9% y-o-y in Q4 2017. The slowdown came ahead of economic policy reforms that might be implemented by the incoming new administration. The growth of the construction industry is expected to drop further in view of the austerity drive of the government and the expected tight economic situation of the country.
FURTHER INFORMATION:
RLB Singapore and Regional Construction Market Update…
The first half of 2024 was characterised by persistent core inflation and ongoing commodity price ...
RLB Singapore and Regional Construction Market Update…
The second half of 2023 was characterised by sticky core inflation and commodity price spikes and ...
RLB Singapore and Regional Construction Market Update…
Global economy has shown resilience in 2022 but is expected to moderate in 2023 due to the economic ...
RLB Singapore and Regional Construction Market Update…
The second half of 2022 was characterised by high inflation, interest rates, oil and gas prices and ...
RLB Singapore and Regional Construction Market Update Jun 2022
Global production and supply chain issues continue to hamper post pandemic recovery in the first ...
