Singapore: International Focus
Companies in Singapore are the most likely in Asia to sell their goods to foreign markets, the survey found. They are also the second most likely to have operations in foreign markets. As such, they rate the sensitivity of their domestic economy to a global slowdown higher than any of their peers except Japan.
In terms of economic concerns, CFOs in Singapore are most concerned about the European debt crisis, followed by the U.S. budget deficit, inflation and the prospect of an economic slowdown in China.
In many areas, the findings indicate that Singapore is aligned with the average scores across Asia – but there are some notable exceptions. For example, with 86% of companies involved in export, CFOs in Singapore were the most likely to view the Middle East as a growth market. A higher than average proportion (47%) also expected higher sales in South America.