Which Country’s Economy in Asia is Not Growing?
Submitted by Bill Belew on Wednesday, 14 February 2007No Comment
Singapore is safe. The country's economy expanded annual 7.9% in the fourth quarter of 2006.
This GDP growth is better than the 6.6% of 2005 and higher than the estimated 7.7%.
Singapore's Ministry of Trade and Industry added a .5% point to the 2007 forecast - 4.5-6.5%.
Manufacturing sector grew at an annual 7.7% pace.
Services sector grew at an annual 6.6% rate.
Construction sector grew at an annual 4.7% rate in the fourth quarter of 2006 as well.
Japan also reported growth beyond expectations at annual 4.8%. This link gives the details.
Asia is booming thanks to growth in China and India.
What do you think?
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