Singapore Economy

INTRODUCTION Global economic crisis showed in the middle of 2007 to previous(predicate) of 2008, in particular in 2008. World economies always match each democracys economy. Export, particularly in consumer electronics, discipline technology products, pharmaceuticals, and a growing service sector argon what economy depends heavily. But, although in that respect was global economic crisis from 2004 to 2007, swell of capital of capital of Singapore was the first East Asiatic province that face inlet 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 configuration in the U.S. and Europe. Prime Minister of Singapore noned in disdainful 2009 that economic crisis was worse than what was judge besides less unhealthful 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 web site Q4 Q3 Q1 Q2 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q1 Q3 Q2 As you see in experience above, that chart shows wide gross domestic product growth in 2008. In the first quarter of 2009, Singapores gross domestic product hang by 5.2 percent to -9.5. But in the second quarter, Singapores economy wreak betterd, the GDP decreased to -3.2 percent. In the tierce quarter, the Singapores economy was recovered and become improve as similar to those in the fourth quarter. In the trey 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 come up prices rate declined. The unemployment rate in 2009 was increased to overall 3.3 percent. legion(predicate) companies lay off their emplo yees. Less people worked caused the aggregat! e supply decrease that make the stock market also declined. In 2009, stagflation (a design of slow up economic growth and high unemployment...If you want to compress a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper