Singapore expects slower GDP growth of 3-5% in 2022 as industries recover at uneven pace

Singapore is expecting slower economic growth of between 3% and 5% in 2022 as industries recover at an uneven pace and inflation risks remain. As the COVID-19 pandemic persists, travel restrictions are expected to cap the recovery in aviation and tourism-related sectors. Visitor arrivals may remain weak and dampen retail recovery. On the other hand, growth prospects for export-oriented sectors remain strong on the back of robust external demand. Singapore’s full-year growth for 2021 is set to come in at around 7%.

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Carry-out, Drive-thru and Delivery Continue As Growth Areas for the Canadian Restaurant Industry

Online and physical visits to Canadian restaurants and foodservice outlets were flat in the year ending September 2021 compared to a year ago when traffic was down double-digits. Helping the industry recover was the growth in foodservice off-premises orders from carry-out, drive-thru, and delivery, reports The NPD Group.

(PRWeb November 24, 2021)

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Technology to spur PH GDP growth of 4.9% this year–Citi

#BusinessWorldLive | Global bank Citigroup Inc. expects the Philippine economy to bounce back with a 4.9% growth this year due to technology-enabled businesses during the pandemic.

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Not Just for Big Companies, Artificial Intelligence is Vehicle for Business Growth

New book shows business leaders that AI is actionable technology that companies are quietly implementing to improve the customer experience and reduce costs. “AI As Your Teammate: Electrify Growth without Increasing Payroll,” by Evan Ryan, demystifies artificial intelligence and shows that it is not all about taking humans out of business.

(PRWeb November 22, 2021)

Read the full story at https://www.prweb.com/releases/2021/11/prweb18345377.htm

Ryan Day on the growth of team since their season opener loss to the Oregon Ducks | College GameDay

Ryan Day on the growth of team since their season opener loss to the Oregon Ducks | College GameDay

Ryan Day joins College GameDay to discuss how the Ohio State football team has evolved since their season opener loss the Oregon Ducks.
#ESPN #CFB

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Alibaba shares dive after it cuts growth outlook

Alibaba shares tumbled after the Chinese e-commerce giant cut its revenue growth outlook, citing increased competition and a crackdown by regulators.

#Alibaba #China #DanielZhang #News #Reuters

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Labour costs set to rise next year, but growth is picking up: Bayer

Pressure on global food prices is unlikely to ease anytime soon. One of the world’s biggest agri-business companies, Bayer, has said labour costs are set to increase next year. This comes at a time when the UN is warning record-high shipping costs could push up global inflation in 2022 by as much as 1.5 per cent. Despite soaring costs, Bayer’s chief told CNA growth has been picking up due to recovery in demand. The firm is eyeing more opportunities to expand into the region, particularly China and India.

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BLS: Job Growth Performed Better Than First Reports; Political Damage Already Done

Rachel Maddow shares reporting from the Washington Post about the Bureau of Labor Statistics revising past job growth numbers and finding significantly better job growth than initial reports that prompted headlines about lackluster growth that it turns out were false. 
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Burberry’s Q2 growth stalls after China disruption

Burberry’s sales flatlined in the second quarter due to bad weather and travel restrictions in China, taking the shine off the fashion brand’s better-than-expected profit.

#Burberry #earnings #News #Reuters

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