The document discusses the effects of the Euro zone crisis on Singapore. As one of the most open economies in the world due to its trade amount being three times its GDP, Singapore is highly exposed to external economic risks. The Euro zone crisis posed major risks to Singapore's financial system and economy. It caused a shadow in Singapore's financial markets, a drying up of credit, and a retraction of Euro zone bank trade activities. Singapore braced itself for volatile capital flows that impacted the Singapore dollar. Being highly dependent on trade with the EU, Singapore's manufacturing industry and economy faced risks from reduced trade with the region during the recession.

1. Effects of Euro Zone
Crisis on Singapore
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2. Introduction
 The total trade amount in Singapore is 3 times its
GDP.
 This makes it one of the most open economies in
the world.
 The euro zone crisis has been described as the
major risk the country.
 This is especially in respect to its financial and
economy systems.
 The Central Bank warned that the nation needed
to brace for ‘adverse turn of events’ in August
2011.
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3. Discussion
 Euro zone crisis made governments take
necessary steps that were needed to reverse
the state of things.
 Government of Singapore warned its citizens
to prepare for adverse turn of events.
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4. Immediate Effects in
Singapore
 A shadow in financial markets .
 Singapore experienced a dry up of credit
account .
 Retraction of euro zone banks trade
activities.
 Singapore braced itself for excessive outflows
and inflows of capital and this impacted the
Singapore dollar.
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5.  The EU is known as the largest trade partner
for Singapore.
 Reduced trade with the region means that
the recession spectra will only rise higher.
 Special attention to the markets is required.
 The manufacturing industry in the country
makes a quarter of the GDP which is the
measure of value of the state of economy in
the city.
 People should prepare themselves to brace
any storm they might be exposed to.
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6. For More Information on
Effects of Euro Zone Crisis
on Singapore
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7. For More Information on
Effects of Euro Zone Crisis
on Singapore
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