Singapore posts record GDP and tightens money flow
Posted by admin . Published on 14 April 2010, Received
The Singapore government is worried about the asset bubble burst due to the excellent economic conditions. The Singapore economy has posted the highest ever growth last quarter and it is expecting close to 9% growth in 2010 as a whole.
With inflation also inching up, the Singapore government has decided not to take any chances and has gone ahead and tightened the money supply from banks.
The double barreled action by the Monetary authority of Singapore has taken the market by surprise.
