The International Monetary Fund (IMF) in October 2015 expects the global economy to expand by 3.6% in 2016, up from 2015’s estimated 3.1% growth. Asia, in particular China, is seen as the wild card for the global economic outlook.
According to the December 2015 quarterly survey released by the Monetary Authority of Singapore (MAS), analysts expect Singapore’s economy to grow 2.2% in 2016. This outlook is less upbeat compared to the 2.8% projected growth in the September 2015 quarterly survey. The economic outlook for Singapore for 2016 is also more pessimistic than the IMF’s global outlook.
Against this backdrop, this annual Pre-Budget survey was conducted to gather the views of the Chartered Accountant of Singapore (CA (Singapore)) community with regard to their business outlook and wish lists for Budget 2016. This includes respondents from accounting firms and the business community at large.
Please click here to read the full ISCA Pre-Budget Survey 2016 Report.