(Sept 25): The global economy has put the bad years behind it and is now in a more dynamic phase that is much more supportive of Singapore’s growth than many realise. Moreover, the regional economies that Singapore services are also reviving, reinforcing the upside for Singapore. And, if that were not good enough, the domestic engines of growth in Singapore are beginning to improve as well, though some restructuring pains do remain. All in all, we could see a nice upside surprise in the country’s economic growth in the near term.

Global economy: putting the bad years behind
The global economy has improved fundamentally. After 10 years of financial crises, policy shocks and depressing political developments, many observers still find it hard to accept this but the facts speak loudly. For the first time in a decade, virtually every part of the globe is enjoying decent growth. The only exceptions are war-torn countries such as Ukraine or Iraq, or countries that are suffering political turmoil or struggling with economic mismanagement such as Venezuela.

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