There's a magical place posting ridiculously strong economic numbers right now.
Last night it reported Q/Q GDP growth of 22.5%. Unemployment is down to 1.9%.
That place? Singapore.
Now granted, the 22.5% is a little bit misleading, because it bounces around a lot from quarter to quarter, but annualized growth is still 8.3%. And that 1.9% unemployment reading is real.
What fueled the huge GDP growth?
Blistering growth in Manufacturing, transportation, hotels/restaurants, you name it.
For the latest investing news, visit Money Game. Follow us on Twitter and Facebook.
Join the conversation about this story »
No comments:
Post a Comment