Analysis of Singapore's GDP and Inflation figures.

The first 200 words of this essay...

EPGE

Pre-Module Assignment

Teacher: Mr. Rodney Sim

Class code: Bsc15C

Name: Tan Nianbo

Date: 05.12.2011

Question 1

According to the above forecast of GDP growth of Singapore, we know that it stand at 5.3% instead of 6.2% earlier. Therefore, it clearly indicates that the forecast of Singapore's GDP growth downgrade.

Gross Domestic Product, it refers that during a period of time, the production of all final goods and labor value from the economy of a country or region, it is often recognized as the best index to measure national economic conditions. It not only reflects a country's economic performance, but also reflects a country's national strength and wealth.

The importance of GDP can not be ignored, especially when it is mentioned in the same breath with market expectations, the actual economic growth rate or recession rate often affects the trend of financial markets. The higher the data shows that the more driving economic growth.

GDP represents all the economic activity within the country, reflects the basic situation for economic growth, it is used to analyze current status of the state's economic development.