Singapore Information Technology Q1 2019
Singapore's affluent populace and high value mix of economic activity provides a strong foundation for a lucrative ITmarket in per capita terms. The main growth engine over 2019-2022 will software and services spending by firms looking to launchnew products and services, or increase the productivity of existing operations, while the hardware outlook is more modest due tomarket maturity. The main risk to the outlook is external, with Singapore's open economy leaving the domestic growth outlooksusceptible to downgrade in the event of a recession in the US or China, or fallout from US-China trade tensions.
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