Thangavelu, Shandre M. - East Asian Bureau of Economic Research (EABER) - 2008
quarters of 2008) and averaging a growth rate of nearly 10 percent from 2004 to 2007, Singapore was the first East Asian … country to fall into a recession from the current global economic crisis in July 2008. It was projected that the Singapore … economy will grow by -1.0 to 2 percent in 2009. This paper examines the current state of the Singapore economy and highlights …