Weak manufacturing predicted to drag investment this year
Weak manufacturing growth is projected to drag investment prospects this year, with no bottoming out in sluggish manufacturing anytime soon.
A new report by DBS Group Research found that investment underperformed in the past three years despite rapid growth in the last quarter of 2015.
Investment grew 6.9 percent year-on-year (yoy) in the fourth quarter of 2015, its fastest growth since 2013. However, it has accounted for only 30 percent of the gross domestic product (GDP) from 2013 until now.