Singapore recorded blistering economic growth in the first half of the year, further evidence that Asia is leading the world economic recovery amid growing regional concerns about inflation.
The city state economy grew 18.1 per cent compared with the same period last year, according to the Singaporean government. In the second quarter, it posted growth of 19.3 per cent year-on-year, the biggest expansion since records began in 1975.
While the US and Europe are concerned about the potential of a double-dip recession and job creation, many Asian countries are more worried about rising prices as their economies steam ahead.
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