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06-05-2022, 06:42 AM
Whatever happened in the US will affect many countries that have the US as one of the largest traders. This includes China as well, especially those countries with large manufacturing bases. They will have to raise their rate to counteract.
Singapore's Manufacturing Industry is around 25% of GDP. Of late, it has expanded more into Servicing Industry and this industry is about 75% of GDP. If Singapore can continue to hold its competitive position in the Servicing Industry, an increase in the interest rate environment is seen to be better for Singapore if it can charge more for the service.
Singapore's Manufacturing Industry is around 25% of GDP. Of late, it has expanded more into Servicing Industry and this industry is about 75% of GDP. If Singapore can continue to hold its competitive position in the Servicing Industry, an increase in the interest rate environment is seen to be better for Singapore if it can charge more for the service.
