Singapore Forecasts Growth of 5 Percent
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Singapore's economy should grow as much as 5 percent next year after expanding by 8.1 percent in 2004, Prime Minister Lee Hsien Loong said Friday in a New Year message.
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SINGAPORE : Singapore&#39;s unemployment rate has fallen to its lowest level in five years on the back of strong economic growth in the first half of the year, the government said Monday.
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By Lillian Liu  Bank of East Asia (BEA), Hong Kong's fifth-largest bank, has optimistic expectations for its mainland operations after the market helped it post a 25.1 percent growth in earnings last year.
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Singapore's economy grew by 8.1% in 2004, its best performance since 2000, trade ministry figures show.
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Economic growth could reach 2.5 percent this year, a German minister said in remarks published Sunday, among the most optimistic forecasts yet for Europe's largest economy.
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Company offers its second annual pitch of five predictions for what we'll see in the next five years.
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Singapore cut its growth forecast for this year to 8.0-8.5 percent from 8.0-9.0 percent following a sharp slowdown in the third quarter and warned of uncertainties ahead for 2005.
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SYDNEY : Treasurer Peter Costello said the slowing of the Australian economy apparent in the latest growth figures is &quot;not unwelcome&quot; as he maintained a forecast of annual growth of around 3.5 percent.
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Indiaâs IT services market is forecast to grow at a five-year compound annual growth rate of 23.2 percent, according to research firm Gartner.
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South Korea&#39;s economy may miss its 5 percent growth target for 2004 after expanding at its slowest pace in a year in the third quarter, the finance minister said.
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Like-for-like rise of around 5% on previous year.
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Hong Kong&#39;s economy is on track to reach the forecast 7.5 percent growth for the full year, government economist Kwok Kwok-chuen said here Friday at a press briefing.
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A week ago, analysts expected a 0.5 percentage point trim. Now they're not so sure.
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The world economy, powered in part by China, will grow this year at its briskest pace in almost three decades -- five percent -- before losing steam in 2005 in the face of higher oil prices, the IMF said.
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WASHINGTON : The world economy, powered in part by China, will grow this year at its briskest pace in almost three decades - five percent - before losing steam in 2005 in the face of higher oil prices, the IMF said on Wednesday.
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The Bank of England is expected to keep interest rates at 5.25%, but another rise remains a possibility.
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Singapore's economy is poised to meet its upgraded 2006 growth targets of 6.5 to 7.5 percent after gross domestic product (GDP) surged beyond expectations in the first half.