SINGAPORE – Even as inflation peaks and the interest rate hiking cycle heads for a pause, the cost of doing business in Singapore is likely to remain elevated for quite a while.
A significant pullback in demand for goods worldwide is already showing in export data, clouding the outlook for overall economic growth. The rebound in the services sector will also start to lose steam in time.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
