| Shopping malls in Singapore specially those along the Orchard Road, Bugis Junction, China Town etc show hectic activity and people throng these markets for shopping.|
The influx of immigrants and foreign expatriates has shown considerable increase, implying increase in economic activity and positive signs of growth in the economy. Many of the immigrants have also purchased flats or housing units. Promotion of tourist activity has been seen by upsurge of fancy hotels, entertainment centers such as casinos, amusement parks and theme parks. All of these go packed leading to earning of good revenues.
The Singaporean Economy is thus witnessing a period of a good growth rate, high inflation rate accompanied by decreasing exports. At the same time, the government is relying on the increase in population which will lead to increase in demand and thus sustain the manufacturing activity of the Singaporean Economy. The uniqueness of Singaporean Economy and its Growth lies in its principals of free market economics with relatively corruption free political system and bureaucracy.