Singapore Economy

INTRODUCTION
Global economic crisis showed in the middle of 2007 to early of 2008, in particular in 2008. World economies always affect each democracys economy. Export, particularly in consumer electronics, information 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, capital of capital of Singapore was the first East Asiatic country that face recession from the current global economic crisis after 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 condition in the U.S. and Europe. Prime Minister of Singapore noned in August 2009 that economic crisis was worse than what was judge but less bad than what was worried. Large-scale layoffs were anticipated, which could damage the political stability and social cohesion, but in fact unemployment has not rose, partly because the mitigating measures adopted.

SINGAPORE SITUATION

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As you see in experience above, that chart shows total gross domestic product growth in 2008.



In the first quarter of 2009, Singapores GDP accrue by 5.2 percent to -9.5. But in the second quarter, Singapores economy improved, the GDP decreased to -3.2 percent. In the trinity quarter, the Singapores economy was recovered and become improve as similar to those in the fourth quarter. In the terce 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 rising prices rate declined. The unemployment rate in 2009 was increased to overall 3.3 percent. legion(predicate) companies laid-off their employees. Less people worked caused the aggregate supply decrease that make the stock market also declined. In 2009, stagflation (a design of slow economic growth and high unemployment...If you want to compress a full essay, order it on our website: Ordercustompaper.com



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