Singaporean Consumer Spending Set For Sturdy Long-Term Growth

Thanks to a robust retail sales outlook, increasing tourism arrivals and a strengthening Singaporean dollar, the domestic consumer sector is expected to weather the global secondary slowdown relatively well. While Singapore clearly lacks the advantage of a massive consumer base, the country's low unemployment rates, rapid influx of foreign immigrants and increasing visitor arrivals will continue to instil dynamism into the local retail scene and further buoy consumer spending.

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