Seeking Alpha, 13 May 2009
Unlike other Asian countries that are starting to see some recovery, Singapore’s economy, and related ETF, may be stuck in the doldrums as a result of being too heavily reliant on manufacturing. Tell that to their ETF, though.
The International Monetary Fund (IMF) estimates a 10% decline in Singapore’s GDP, reports Fiona Chan for The Straits Times. Economies in the Asia-Pacific region are being downgraded by the IMF because of these countries’ open economies and reliance on their manufacturing industries.
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