Singapore is under performing in 2016, but this has not affected foreign investments

TIONG BAHRU, Singapore - Aug. 12, 2016 - PRLog -- At the beginning of the year, the Singaporean economy was expected to grow with a moderately good 3 percent, according to expert forecasts. However, in reality, the country underperformed heavily in Q2 and now the Ministry of Trade and Industry forecast is significantly downgraded to less than 1 percent in up to2 percent best case scenario.

BREXIT definitely hit many global economies. The close relations between the UK and Singapore, and the negative fallout from the referendum did not pass the small, but capable South East Asian nation. While many Central banks in the region, including Singapore, managed to lower interest rates and introduce more cash flow in their economies, the business is unstable at the moment.

However, Healy Consultants believes Singapore's economy is resilient and diversified enough to withstand these uncertain times. With strong bilateral trade indications with many global economies, Singapore has reserved its place in international business deals and continues to attract many global investors.

About Healy Consultants

For over a decade, the incorporation experts at Healy Consultants Pte Ltd.,  have been assisting investors worldwide to set up the optimum corporate structure for doing business in Singapore. The services offered include company registration, banking solutions, accounting and tax and legal services and corporate support services.