Is Singapore on the brink of a recession? A look at headwinds facing Singapore's economy

Singapore logged its slowest GDP growth in a decade in Q2. CNA's Tang See Kit looks at the headwinds facing Singapore's economy - and what this means for the man on the street.

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[Underdog]

Spend your money locally to boost local economy...

[eklim]

when my neighbour doesn't have job, it's recession.
when I don't have job, it's depression.

[dayylogg]

Singapore is not alone, the world is heading for a global economic collapse. Those thriving on a debt fueled, false prosperity lifestyle will lose everything.

[elliot]

As a Malaysian, I can feel the effects already, the situation is worsening everyday, even the restaurants are all empty ... an economic recession is coming, and we have to be prepared for that, tighten our cash flow , best of luck everyone...

[mawdervaart]

CNA???? Eh tolong leh stop moving the camera angles here and there. You're not interviewing some supermodel whereby u'd want to show various profiles of his or her beautiful face.

[greatndit]

Not only the trade war, singapore manufacture must compete with other nation too . And country like indonesia vietnam thailand is starting to become more eficient

[kimxgamer]

2020: now that is a real recession happening now gg

[peterq]

Does it really matter???...they still look at their CPF statement and Laugh happily to the Bank with Millions yearly

[Tom-cflk]

Our company's export to Europe has dropped 50%, is it considered a recession?

[LonganLee]

Which Singaporean audited the gdp claims, raise your hand.

[entertainment]

You Singaporeans should focus on developing food supply chain systems. Not technology... Because food industry is the biggest industry in the future. Singapore is well known for its quality and healthy food technologies. You Singaporean should utilise these skills and technologies to supply organic food to Japan, South Korea, Brunei, Dubai, Taiwan. And China.

[jrukawa]

why so black gloomy backdrop? to portray the economy outlook?

[yttean]

This channel is simply the mouthpiece of the government, it is not all bad but at times this channel should be bold enough to speak out(on behalf of the Singaporeans) contrary to government propaganda about IMPORTANT issues such as EPF for the retirees. I don't think it is likely to happen.

[juvezhang]

Absolute ly yes, but not SG alone, many countries as well

[carmenirigoyen-lopez]

One has to see this economic downturn as an opportunity to make changes ! There has to be a focus on more down to earth activities: Singapore can start to grow salt resistant rice, like they do in Qindao in China. Office workers may actually like to get jobs that require more physical activity. Countries have to realize that continued growth does not equal development! In nature, the only organism that has continued growth is : Cancer!

[wenyicvs]

The biggest factor of the decline is China. Singapore is sitting amongst the fastest growing countries in the future. However, competitions from Chinese companies which seem to have unlimited money supply and don’t need Singapore ‘s help. Singapore can only hope that kind of cash power will dry up in the future.

[LonganLee]

This video question is stupid simply because No one in the world can audit the GDP of any country. IMF and WORLD BAnk Has never audited any GDP. Real total Govt spending, corruption, money laundering can never be known. Economists of the world talk about GDP with a straight face.

[josephgoh]

Its going to continue declining till 2050

[Coolzzebra]

Not only SG but Thailand also....ha ha

[erickmiclat]

Oops pun intended to HK?

I’ve heard more and more foreign investors moving their assets to other asian countries from HK, is that what SG is trying to attract?