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Positive year-on-year growth on the cards for Singapore's struggling sectors due to low base
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The labour crunch will still be an issue for the construction and marine engineering sectors, given their reliance on manpower from South Asian countries, notes DBS Bank senior economist Irvin Seah.
ST PHOTO: GAVIN FOO
SINGAPORE - Construction and transportation are still stuck in the doldrums and face a hard road ahead, even as Singapore's economy looks to be on the rebound after its worst recession since independence.
These sectors, along with food and beverage services, real estate and professional services, are among those that recorded negative growth in the first quarter of this year, according to the Ministry of Trade and Industry's quarterly economic survey.
