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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
Monday, January 3, 2005
Singapore shows strong economic growth
by Brian TurnerSingapore’s economy continued to grow well in 2004, reaching a strong 8.1% for the year.
Manufacturing was especially strong for the year, though overall growth slowed into the fourth quarter, suggesting lower economic growth for 2005 to between 3-5%.
Although GDP also grew 2.4%, it was below market predictations, disappointing analysts.
Overall, strong oil prices had a contracting effect on the Singapore economy, but comes on the back of repeated double figure growth over the past couple of years.
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