Thursday, 28 September 2023

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贸易战冲突阴影 我国下半年增长料放缓

新加坡贸易与工业部今日(813日)发文告,预测今年国内生产总值(GDP)增长率介于“2.53.5巴仙”,至于第二季度经济成长为3.9巴仙,比上季度4.5巴仙放缓。

与上一季度2.2巴仙的增长相比,本季的季节性调整年化基础增长率仅达0.6巴仙。原本政府估计增长为1巴仙,而路透调查分析师预估中值为增长1.3巴仙。

根据《路透社》报导,新加坡第二季经济较前季增幅小幅下修,政府称今年下半年经济活动活动趋向温和放缓。由于全球贸易关系紧张,下半年GDP可能仅温和增长。

图源:贸工部

2017年电子需求激增,推动全球贸易增长,作为依赖出口城市我国今年已面临增长的高标准。续去年拓展至3.6巴仙后,政府将今年经济增幅定在2.53.5巴仙之间。

新加坡贸工部指出,美国与其主要贸易伙伴报复性关税和全球主要央行加息,都令我国以出口为重的经济前景蒙上阴影。

虽然美国较高关税对本国出口的直接冲击很小,不过,贸工部不排除贸易冲突有进一步升级的可能。这将导致美国与其他经济体针锋相对的情况恶化。如此,全球商业和消费者信心会大幅下降,随之就是投资和消费支出大跌。

房产降温  建筑业表现平平

政府则预计国内下半年经济增长放缓,出口和制造业将在较低迷的水平,继续支撑经济增长。在上季度受公共服务项目拖累,加上不久前政府对房地产降温的政策,建筑行业估计仍会表现平平。

金管局副局长Jacqueline Loh称,下调2018年下半年增长预估,在预料之中,也在该局基线预测范围。温和的通胀压力预计仍会持续,但当前的货币政策立场是适宜的。他说,2018年核心通胀率,在金管局1-2巴仙预估区间的上半部分。

今年四月,该局六年来首次收紧货币政策,并计划在10月再做下个决定。并在上月上修了第一季国内生产总值。尽管对前景抱谨慎态度,但分析师称今年10月,也有可能进一步收紧政策。

华侨银行的Selena Ling 告诉路透社,第二季国内生产总值增幅修正虽令人有些失望,但金管局不会因此作出重大调整,该数据给金管局预留收紧政策的空间。

“即便下半年经济放缓,全年3巴仙增幅仍是十拿九稳,并不令人担忧。”

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