Nielsen
Aug 28, 2019

Both economy and consumer confidence subdued in Singapore

The financial climate in the city may be low-spirited, but FMCG ecommerce sales are surging and brands can take heart from Singaporeans' love of trying new products.

SINGAPORE MARKET SNAPSHOT

Throughout the first half of 2019 Singapore’s economy has caught the brunt of the challenging global economic climate, which saw its annual GDP growth slow from 4.2% in Q2 2018 to 0.1% in Q2 2019the lowest level since the financial crisis lows recorded in 2009.

Earlier this month the Singapore Ministry of Trade and Industry downgraded its GDP forecast for the second consecutive quarter this...

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