2024

2024: Sports Predictions, Soft Skills, Asian Tides, and Singapore's Future

Get ready for 2024 with predictions on sports, soft skills, Asia's future, and changes in Singapore. Exciting times ahead!

In 2024, the sports world is abuzz with speculations on Lydia Ko's performance, Premier League winners, and the Chiefs' Super Rugby domination. While sports enthusiasts eagerly wait for the outcomes, another focus of the year is on honing 'soft skills,' emphasizing the importance of focus, concentration, diligence, and perseverance in acquiring new abilities. As the year unfolds, Asia braces for political and economic changes, navigating through risky currents that bring both challenges and opportunities. The spotlight on Singapore in 2024 highlights key events such as leadership handover, GST hikes, increased costs of utilities, extended parental leave, and the implementation of full subject-based banding in schools.

Amidst these forecasts lies the prediction that Singapore's nominal wage growth may slow down further in 2024, following the peak in labor market tightness experienced in 2022 post-pandemic recovery. The increased demand for manpower as Covid restrictions eased resulted in a red-hot market, impacting wage growth dynamics. These shifts reflect the evolving landscape of Singapore's economy and workforce in the upcoming year.