Recently Released Market Study: Singapore Food & Drink Report Q4 2012
Private consumption growth in Singapore slowed to 1.8% year-on-year (y-o-y) in Q212 from 4.7% in Q112, its worst performance since Q209. However, given the city-state's robust employment, along with rising wages and stable asset prices, we expect private consumption to bounce back in the second half of the year. Singapore's already tight labour market got even healthier in Q212, creating 29,200 new jobs as the overall unemployment rate (one of the lowest in the world) fell from 2.1% to 2.0%....
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