Market Report, "Singapore Food & Drink Report Q3 2012", published
Singapore's near-term domestic demand outlook looks relatively sanguine, in BMI's view. Strong tourist arrival growth and sturdy labour market conditions will continue to provide support to consumer spending in the coming quarters. While we have previously flagged the acute bursting of Singapore's property bubble as a key risk to our near-term domestic demand outlook, we do not envisage this scenario to occur in 2012. Nonetheless, gradual declines in property prices would inevitably weigh on consumer sentiment.
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