Singapore International Political Economy

The Singapore economy is expected to decline almost 5 percent in 2009 according to AP.

The dismal Singapore economic news comes as the forecast of 20 economists suggest that Singapore’s GDP will shrink by 4.9 percent in 2009 as the global economic crisis continues to take hold.

Nonetheless, the same economists expect the Singapore economy to recovery in 2010 with suggested Singapore GDP expansion of 3.3 percent.