Money Week 2012 Episode 37
Sparkling Christmas Business OpportunitiesChristmas Day is just a few days away. This being the busiest season of the year for retailers, many are drumming up their promotion efforts to stand out from their competitors, including re-creating a snowy Christmas atmosphere in equatorial Singapore and dazzling decorations to attract crowds. With the uncertain economic outlook looming ahead, how can such promotional efforts help push up sales?Outlook of Singapore Economy in 2013While global consumers’ spending reach a year end peak, Singapore’s November export numbers saw an unexpected drop due to the weak performance of the electronics sector. This implies that Singapore economy may fall into technical recession in the last quarter of 2012. Faced with a high inflation and weak economic prospects of the main trading partners, can the Singapore economy turn the tide in 2013?Sparkling Christmas Business OpportunitiesChristmas Day is just a few days away. This being the busiest season of the year for retailers, many are drumming up their promotion efforts to stand out from their competitors, including re-creating a snowy Christmas atmosphere in equatorial Singapore and dazzling decorations to attract crowds. With the uncertain economic outlook looming ahead, how can such promotional efforts help push up sales?Outlook of Singapore Economy in 2013While global consumers’ spending reach a year end peak, Singapore’s November export numbers saw an unexpected drop due to the weak performance of the electronics sector. This implies that Singapore economy may fall into technical recession in the last quarter of 2012. Faced with a high inflation and weak economic prospects of the main trading partners, can the Singapore economy turn the tide in 2013?