MAS - Annual Report 2006-2007

Presenting the annual report for 2006-2007 of the Monetary Authority of Singapore (MAS), Goh Chok Toy, the chairman of the central bank, said 2006 was a significant year for Singapore and MAS.

Conditions in the global economy were generally favourable, supported by growth in the US economy and the pick-up in activity in Europe and Japan. The Asian economies, led by China and India, performed well. So too did Singapore, which has now seen five consecutive years of expansion. Real GDP grew by 7.9%

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