About Singapore - The Economy
Singapore has enjoyed spectacular economic growth since independence.
The Singapore economy grew by a healthy 6.4% in 2005 and a strong
8.7% growth in the previous year. The economic activity in Singapore
continued to pick up pace and showed strong momentum.
The improvement is largely due to the better than expected growth
in the manufacturing activity. The latest surveys of business expectations
points to continued growth in the next few quarters, indicating
optimism about the business conditions for both the manufacturing
and services sector.
All major economic sectors showed positive growth momentum in
2005, registering strong levels of activity. |
