Singapore Says Economy Will Grow 3% to 5% in 2010

Singapore says its economy will grow 3% to 5% in 2010 after shrinking as much as 2.5% this year, reports Bloomberg, citing figures from a statement issued by the trade ministry.


Further quoting the trade ministry, Bloomberg says that the country's gross domestic product climbed a revised annualized 14.2% last quarter from the previous three months, the second consecutive expansion.


“Singapore’s recovery, like many other Asian economies, will be patchy,” Vishnu Varathan, an economist at Forecast Singapore Pte., told Bloomberg. “The policies in place and the actions taken will determine the amount of turbulence we see next year.”


Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern