This report analyzes the Singapore economy, focusing on the macroeconomic impacts of the coronavirus outbreak and currency weakening. It examines the potential effects on exports, imports, inflation, and trade balance. The report includes an analysis of GDP trends, highlighting periods of negative growth, particularly during the 1985 recession, the 1998 Asian Financial Crisis, and the dot-com bust. It also provides an overview of the labor market, showing the distribution of employment across different sectors, with a shift towards the services industry. Furthermore, the report assesses price movements, indicating an upward trend in the consumer price index (CPI), with communication services being a major contributor to inflation. The report draws on various sources to provide a comprehensive understanding of Singapore's economic performance and challenges.
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