Singapore Economy

INTRODUCTION Global economic crisis showed in the middle of 2007 to untimely of 2008, in particular in 2008. World economies always fall each democracys economy. Export, particularly in consumer electronics, entropy technology products, pharmaceuticals, and a growing service sector are what economy depends heavily. But, although in that respect was global economic crisis from 2004 to 2007, uppercase of capital of capital of Singapore was the first East Asiatic rural that face corner from the current global economic crisis later on July 2008. Singapore is one of the most semipolitically fuddled countries in Asia. The recession came mainly through the fall of the non-oil exports in manufactured goods, which is caused by a subside in boilers suit economic check off in the U.S. and Europe. Prime Minister of Singapore noned in distinguished 2009 that economic crisis was worse than what was judge entirely less braggy than what was worried. Large-scale layoffs were a nticipated, which could damage the political stability and social cohesion, but in fact unemployment has not rose, partly because the mitigating measures adopted. SINGAPORE mail Q4 Q3 Q1 Q2 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q1 Q3 Q2 As you see in experience above, that chart shows gibe gross domestic product growth in 2008.

In the first quarter of 2009, Singapores gross domestic product increase by 5.2 percent to -9.5. But in the second quarter, Singapores economy changed, the GDP decreased to -3.2 percent. In the three quarter, the Singapores economy was recovered and become improve as similar to those in the fourth quarter. In t! he trinity quarter, the GDP was increased to 0.9 percent and in the fourth quarter, the GDP was expanded more to 3.5 percent. As Singapore GDP decreased, the move prices rate declined. The unemployment rate in 2009 was increased to overall 3.3 percent. legion(predicate) companies discontinue their employees. Less people worked caused the aggregate supply decrease that provoke the stock market also declined. In 2009, stagflation (a design of retard economic growth and high unemployment...If you want to compress a full essay, order it on our website: OrderCustomPaper.com

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