Thursday, 14 November 2013

Singapore Defence and Security Report Q1 2014

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Singapore Defence and Security Report Q1 2014
Nov 13th 2013, 00:00

Price: $ 1295  

BMI View: Despite signs of economic turbulence in late 2012 and early 2013, Singapore's economy has performed better than expected during the middle two quarters of 2013. Consequently Singapore's 2013 GDP growth rate forecast has been revised upwards from between 1-3%to 2.5-3.5%. The Monetary authority of Singapore expects this economic expansion to continue into 2014, enabling the Singaporean government to maintain its stable defence budget, traditionally equivalent to roughly 6% of GDP. While still perhaps the most serious security threat Singapore faces, a serious economic downturn is less of a concern than in the previous two quarters. This positive economic outlook coincides with the procurement, or planned procurement, of several new pieces of military hardware including the Aster-30 s ...

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