The Singapore economy is dominated by
the service sector, which contributed approximately 75.5% to the total GDP in
2016. The industrial sector contributes 24.5% to GDP, in which the
manufacturing contributes 18.3% to GDP. Government will launch a new Industry
Transformation Programme in 2017 to take the country into the next phase of
development. Under the Quality Growth Programme, firms and industries will create
new value and drive growth. To raise productivity, government is working on development
of people, and driving research and innovation, together to maximize impact of
industrial transformation program. There will be an expansion of partnerships
between government and the industry, to identify challenges and develop
solutions to support transformation.
Lucintel, a leading global management
consulting and market research firm, has analyzed the political, economic,
social, technological, legal, and environmental factors of Singapore and has
come up with a comprehensive research report, “PESTLE Analysis of Singapore 2017.” This report provides an analysis of Singapore’s
economy from historical, current, and future perspectives. SWOT analysis,
forecast and scenario analysis, and risk analysis of Singapore is also included
in the report. The report also includes the forecast for Singapore’s economic
growth through 2022.
The
report highlights various drivers and challenges which have influenced
investment decisions in the economy. Singapore is a politically stable country.
Singapore is currently facing challenges, like low oil prices, low fiscal balance,
and currency depreciation. Singapore economy is expected to show a gradual
recovery of economic activity, with strengthening economic growth in the mid of
2017. The expansion of economic activity will rely on global recovery, stable
oil prices, growth of household consumption and investment, with an increase in
manufacturing exports.
This 75-page research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents and pricing information on this
timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at
helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services
that facilitate critical decisions with greater speed, market
insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us
through Live Chat in its website to answer your questions in real time. Lucintel
offerings include SWOT Matrix, Due Diligence, Mergers &
Acquisitions, Industry/Market
Analysis and Strategic Growth
Consulting.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth—whether you need to understand market dynamics, identify new
opportunities, or increase your profitability. It offers market assessments,
competitive analysis, opportunity analysis, growth consulting, M&A, and due
diligence services to executives and key decision-makers in a variety of
industries. Over the last 15 years, Lucintel has served over 1,000 corporations
in 70 countries. For further information, visit www.lucintel.com.
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