3 out of 10 accountants downbeat about economic growth in 2015

High business costs are still the top concern.

A higher number of Singapore-based accountants are pessimistic about the local economy’s growth prospects for 2015, the Institute of Singapore Chartered Accountants (ISCA) revealed today.

The ISCA’s pre-budget survey 2015 showed that 30% of public accountants are downbeat about the country’s economic growth, higher than the 22% of public accountants who felt pessimistic last year.

The proportion of public accountants who have positive views about Singapore’s economic growth fell from 38% in 2014 to 32% in 2015.

“Overall, 35% of respondents this year have an optimistic view of Singapore’s economic growth in 2015, while 22% hold a pessimistic view. This compares with 36% of respondents who held optimistic views and 20% who held pessimistic views on the economy last year,” stated the report.

The survey showed that high business costs are still the biggest concern for local firms, coupled with difficulty in hiring and regulatory concerns.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia