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Singapore is currently seeing its economy shrink at an annual rate of 10%.
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Often they do not come back, and the economy suffers from the loss of their entrepreneurial skills they make neighbouring Singapore even richer instead.
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Last month, Singapore's ministry of trade said the country's economy shrank by more than 4 percent in the fourth quarter of 2008.
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In the future we will have to depend on immigrants to make up our numbers, for without them Singapore will face the prospect of a shrinking workforce and a stagnant economy.
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Unlike Singapore, another booming Asian economy, Jen believes that China is too large of an economy not to have its own monetary policy and by extension an independent currency.
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Singapore's Straits Times Index gained 1.4% to 2, 298.71 after Singapore's government said its economy rose at an annualized and seasonally adjusted rate of 20.4% in the second quarter, the fastest expansion in nearly six years, beating market expectations.
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Housing costs have risen almost nonstop as Singapore's economy recovered from the global financial crisis, and have been the cause of growing public complaints in recent years.
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Singapore's economy is expected to contract between 2 and 5 percent this year, the Ministry of Trade and Industry said last month.
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Singapore's economy grew just over 1 percent for the entire year compared to a robust growth of 7.8 percent a year earlier, the ministry added.
CNN: Singapore sees India, China role growing