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Economy Overview:
Singapore, a highly-developed and successful free-market economy, enjoys
a remarkably open and corruption-free environment, stable prices, and a
per capita GDP equal to that of the four largest West European
countries. The economy depends heavily on exports, particularly in
electronics and manufacturing. It was hard hit in 2001-03 by the global
recession, by the slump in the technology sector, and by an outbreak of
Severe Acute Respiratory Syndrome (SARS) in 2003, which curbed tourism
and consumer spending. The government hopes to establish a new growth
path that will be less vulnerable to the external business cycle and
will continue efforts to establish Singapore as Southeast Asia's
financial and high-tech hub. Fiscal stimulus, low interest rates, a
surge in exports, and internal flexibility led to vigorous growth in
2004, with real GDP rising by 8% - by far the economy's best performance
since 2000 - but growth slowed to 5.7% in 2005.
GCS and Graydon International
Graydon International is a leading provider of business credit information around the world. Their business credit reports are easily read in English and consist of reliable and up to date details like identification and official company specifications, credit recommendations, known directors, protest and non-payments, operational details and financial data (profit and loss, balance and key credit ratios).
To see what GCS can do for you, please submit your query for a 'no obligation' free quote.
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