Pay cut 5% not expect the contraction to hit double digits.

[fivestars]

In December 2008, the foreign exchange reserves of this small island nation stood at around US$174.2billion.

The Singapore gross domestic product (GDP) was estimated as


2000 USD 23,019
2001 USD 20,700
2002 USD 21,152
2003 USD 22,651
2004 USD 26,319
2005 USD 28,350
2006 USD 31,622
2007 USD 36,384
2008 USD 37,597

2009 estimate is between minus 2 and minus 5 per cent.

The economy of the United States is the largest national economy in the world

Its gross domestic product (GDP) was estimated as $14.2 trillion in 2008