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Singapore – world’s second most competitive economy?
Our new report ‘Singapore – Balancing Growth, Inflation and Populist Concerns’ finds that a low employment rate, shrinking labour force and restrictive immigration policy are in danger of significantly slowing the growth of Singapore’s workforce – and its economy.
Singapore is likely to remain attractive to investors due to its friendly regulatory environment, low corporate taxes, well-developed financial markets and excellent educational institutions. But the rising cost of doing business there is deterring businesses and leading some firms to examine cheaper options in other booming Asian markets. When growth rates start to slow, will the government reconsider its immigration policies?