MAS - Annual Report 2004-2005

According to the Monetary Authority of Singapore's Annual Report 2004-2005, the Singapore economy expanded by a robust 8.4% in 2004, the highest growth rate recorded since 2000.

Supported by the upturn in the global IT industry and generally buoyant conditions in the OECD and East Asian economies, the Singapore economy grew strongly in the first half of 2004, following the rebound from SARS in the second half of 2003. Activity increased across most sectors of the domestic economy.

Not surprisingly

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