Which Country’s Economy in Asia is Not Growing?

Posted by Bill Belew on February 14th, 2007 in Asia | No Comments

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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