Taken from Business Times Frontpage 25th July
Driven by influx of foreigners, the economy's underlying growth potential has risen above the long-assumed 4-6 percent range.
Most of expansion is likely to come from foreign labour growth.
"The ability to attract foreign investments and an open-door policy on foreign talent is crucial"
Allowing gaming and lower tax rates have opened up investment opportunities and raised returns on capital. This has increased investment and capital growth.
Singapore less vulnerable to the global IT cycle, now that pharmaceuticals' contribution to manufacturing value-added looks set to exceed electronics' by next year.
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