Singapore's Pace of Economic Growth Poised to Overtake China

If Singapore continues to perform remarkably, the island nation may overtake China as Asia's fastest-growing economy, says Bloomberg, which estimates the country's gross domestic product to rise 10.8% this year.

 

Bloomberg notes that Singapore's growth is a result of the government's efforts to expand beyond electronics exports. It adds the island’s benchmark stock index has outdone counterparts in China, Taiwan, Japan and Australia this year.

 

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