New Market Report Now Available: Singapore Defence & Security Report Q1 2014
Despite signs of economic turbulence in late 2012 and early 2013, Singapore's economy has performed better than expected during the middle two quarters of 2013. Consequently Singapore's 2013 GDP growth rate forecast has been revised upwards from between 1-3%to 2.5-3.5%. The Monetary authority of Singapore expects this economic expansion to continue into 2014, enabling the Singaporean government to maintain its stable defence budget, traditionally equivalent to roughly 6% of GDP. While still perhaps the most serious security threat Singapore faces,...
View full press release