Foreign economies blasting US 20:1
1.Singapore. Singapore, the tiny city-state south of China with a population of less than four million, will see gross domestic product growth of an astonishing 15% this year, economists predict. A surge of exports has set the pace, while tourism — spurred by the opening of the city-state’s first two Macau/Las Vegas-style casinos this year — has also picked up. As Vardy points out:
“Singapore has been ranked [number one] in global innovation and competitiveness. It’s ranked first for having the most open economy for international trade and investment.”
Its stock market is the strongest among all developed markets, up 21.57% over the last year, and it has risen at a 12.7% annual clip since the fall of Lehman. Read more about Singapore on MoneyShow.com.
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