Singapore Economy Buoyant on Pharma, IT and Oil & Gas

BANGALORE, INDIA--November 19, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Singapore is an island nation with an economy that is poised to experience vigorous growth. The country's Ministry of Trade and Industry (MTI) recently announced that the Singapore economy is set to grow between 3% and 5% this fiscal year. The ministry went on to say that global assessments show that Singapore is well out of the recession, and the economy and outlook for this year was extremely good. Based on positive growth rates being shown across Southeast Asia, the MTI seems certain that Singapore will show growth in the coming fiscal year as well.