Singapore has always been a country serious about building up their economic base, creating financial opportunities for their citizens and others, and becoming a global force not only just in Southeast Asia but around the rest of the world as well when it comes to business, banking, and finance.
And while the global depression of the mid-2000s impacted Singapore just like it impacted every other nation on the planet, it didn’t have anywhere near as serious or as destructive in impact – mostly because Singapore was built to weather the storm.
Incredible growth is happening within Singapore right now, and they are not only coming out of this global depression faster than many others, but they are also moving forward much more rapidly than other nations as well. Things are really looking up in Singapore, and companies based in this country are upbeat about economic expansion for sure!
GDP is expected to grow faster than 2%
One of the most impressive indicators of economic success for the people of Singapore has to be the fact that the government anticipated a growth rate of 1% in 2017, but it looks like Singapore is going to double that rate by the time 2017 closes – as they are speeding in on 2% growth for GDP faster than anyone would have expected.
Though there is still plenty of time for downside risks to slow this rate at least a little bit, if Singapore keeps up this incredible clip and impressive growth for the rest of 2017 they may finish even better than 2% growth in GDP by the time everything is calculated!
Partnerships with other nations are growing the economic base
As highlighted above, Singapore has always been serious about becoming the premier nation as far as banking, business, and finance is concerned in Southeast Asia and the new partnerships they are forging and fostering are only going to help them cement this position even faster.
Singapore has always conduct business with their neighbors and they continue to do so at a very impressive rate, but they have also started to reach out and build impressive relationships with countries like Australia and India. The Indian relationship in particular is designed around mutual economic growth, and this relationship has already proved to be tremendously beneficial for both of these countries.
Investments in infrastructure and changes to regulation are bringing more businesses to Singapore
Singapore is a very growth focused nation, investing tremendously in not only their own people but also investing tremendously in infrastructure to support business growth.
This is one of the most technologically advanced nations in the world and they continue to become even more technologically advanced with almost every passing day. Combine that with new changes that relax rules and regulations for foreign businesses to come to Singapore, set up shop, and take advantage of all the benefits that this country has to offer and we are talking about incredible growth rates that will continue to climb higher and higher in the years and decades to come!