The Star Online, 8 Feb 2014
MONEY, plenty of it! So much is circulating around parts of Singapore – much of it from abroad – that some economists are worried.
After years of success luring in foreign wealth, the city is now experiencing what an analyst calls a “wealth bubble” that is continuing to grow.
Noted global economist Jesse Colombo warned that several bubbles were on the verge of popping, threatening the city with an Iceland-style economic meltdown. He predicted in Forbes that this could happen within years.
They exist in property, Singaporean household debts and the bloated population of migrant workers. Full story
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