🇸🇬 Oil Price Shock Impact on Singapore
Modeled estimates of how a sudden oil price increase (to $128/barrel, realistic sensitivity) would affect different sectors of Singapore's economy.
Sectors
- ✈️ Travel & Tourism — estimated +12.4% to +22.7%
- 🚛 Transportation — estimated +16.5% to +30.3%
- 🛒 Food & Groceries — estimated +6.2% to +15.2%
- ⚡ Energy — estimated +20.7% to +37.9%
- 🏗️ Construction — estimated +8.3% to +17.7%
- 🏠 General Cost of Living — estimated +10.4% to +20.2%