PRWeb, 26 Apr 2009
Singapore (PRWEB) April 26, 2009 -- GuideMeSingapore.com will be releasing a report analyzing the impact of the G20 meeting in United Kingdom on the Singaporean economy. Andrew Chen, founder of the site, summarized the upcoming report's findings as follows:
The G20 meeting focused primarily on fostering international economic cooperation in confronting the financial downturn. It took concrete measures to discourage protectionism, encourage free trade, and made a joint commitment of over $1.1 trillion in fiscal stimulus to resuscitate the global economy. Most of this amount will be used to boost financing through the IMF and will be directed to emerging markets. This is good news for Singapore as increased global trade has historically correlated with strong performance of the Singaporean economy. Restoration of growth in emerging markets will lead to increased business opportunities in Singapore given the country's close ties to most emerging markets in Asia.
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