Friday, November 26, 2010

Forecast for Singapore economy

From http://www.earthtimes.org/articles/news/353724,exports-surge-35-october.html and http://www.earthtimes.org/articles/news/354061,economic-growth-slow-year.html (in English)

Despite the huge increase in exports (35%) in October 2010, mainly to European Union countries and to United States, Singapore economy is expected to slow down next year. Estimations of the evolution of GDP in 2011 show a growth of 4-6%, which represents 1/3 of the growth rate of GDP expected for 2010, estimated at 15%.

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