18 Nov '13, 5am

Singapore’s economy is expected to grow by up to 3.7% in 2013

Singapore’s economy is expected to grow by up to 3.7 percent in 2013, revealed the latest Business Times-UniSim Business Climate Survey which was reported in the media. This figure, which is more than double last year’s growth of 1.3 percent, beats the government’s official forecast of 2.5 to 3.5 percent growth. The country is expected to grow even faster in 2014 considering it is cited by most firms as having the best business prospects – a title held by China for six consecutive years until it was displaced by Indonesia in 2012. Survey director Chow Kit Boey noted that China is experiencing a slow growth rate following a long period of rapid economic development, while Indonesia is losing its lustre due to various difficulties such as currency depreciation and higher inflation. “Compared to the two countries, Singapore is recovering well from its anaemic performance in t...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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