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Case Studies (Impacts of Asian Financial Crisis 1997 & US Sub-prime crisis on Singapore)

Impacts of 1997 Asian Financial Crisis on Singapore

US Sub-prime crisis

Singapore’s economic growth is mainly driven by exports. Due to the global economic meltdown as a result of the US Sub-prime crisis, exports have decreased drastically. This led to slowdowns in many economic sectors of Singapore, such as service, manufacturing etc.


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