Singapore in its Worst Recession for Years. The Effects of the Current Economic Crisis on the City-State's Economy

  title={Singapore in its Worst Recession for Years. The Effects of the Current Economic Crisis on the City-State's Economy},
  author={Rolf Jordan},
  journal={Journal of Current Southeast Asian Affairs},
  pages={110 - 95}
  • Rolf Jordan
  • Published 1 December 2009
  • Economics
  • Journal of Current Southeast Asian Affairs
Due to the current economic downturn, Singapore has experienced one of its most severe recessions since independence. The financial crisis, which caused a fall in prices at most of the world's leading stock exchanges and a sharp decline in industrial production, has also had a negative impact on the city-state's export-dependent economy. The analysis outlines the economic downturn and the decline of Singapore's export economy since the beginning of the crisis in late 2008. Central to the… 

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