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All Asian countries posted their latest GDP figures suggesting a gold mine in the region with the exception of Singapore, who posted a -4.1% GDP in its latest quarterly projection.
Here are the recent Q3 GDP figures released by others in Asia:
Philippines +7.1%
Vietnam +7.0%
Indonesia +5.02%
Malaysia +4.3%
Taiwan +2.06%
Japan +2.2%
New Zealand +0.9%
South Korea +0.7%
Hongkong +0.6%
Singapore -4.1%
Separate report shows when compared against developed economies such as UK, Germany, US, Australia etc...Singapore also the poorest performer...all these other developed economies achieved above 2% growth....
So it seems Singapore is the only country that contracts. Something is wrong.
http://statestimesreview.com/2016/11...ormer-in-asia/
Here are the recent Q3 GDP figures released by others in Asia:
Philippines +7.1%
Vietnam +7.0%
Indonesia +5.02%
Malaysia +4.3%
Taiwan +2.06%
Japan +2.2%
New Zealand +0.9%
South Korea +0.7%
Hongkong +0.6%
Singapore -4.1%
Separate report shows when compared against developed economies such as UK, Germany, US, Australia etc...Singapore also the poorest performer...all these other developed economies achieved above 2% growth....
So it seems Singapore is the only country that contracts. Something is wrong.
http://statestimesreview.com/2016/11...ormer-in-asia/