Boost from developed economies

PHOTO: Boost from developed economies

The recovery in the developed economies is pulling Singapore's economy along in its wake and setting up the country for a year or two of "modest growth" at least.

The prognosis came from the Monetary Authority of Singapore on Oct 29, which tipped full-year expansion of 2.5 per cent to 3.5 per cent this year and much the same for next year.

The rest of the region might not be so lucky but Singapore has a trump card - its close alignment with the big three, the United States, Japan and the European Union.

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