Singapore GDP grew 4.9% in 2011
2010 = 14.8%, 2011 = 4.9%, 2012 (forecast) = 1 to 3%
Manufacturing, Finance & Insurance grew the most.
Visitor arrivals expanded 13.1% and Consumer Price Index rose 5.2%.
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See Press Release from MTI
Based on the latest forecast for 2012, we see that the last time Singapore economy grew within the range of 1-3% was in 2008, followed by a -1.0% in 2009.
Prior to that, 2001 saw a -1.2% and 1998, -2.2%
Further back, in 1986, 1.3% and the year before, -0.6%
Now,
curious about how the property prices performed in those years?