Student template Part A-1.docx - Page 1 of 3 ECON1016 2020 S1 Policy Brief \u2018Student template(Part A)\u2019 ECON 1016 \u2013 Macroeconomics 1 Policy Brief

Student template Part A-1.docx - Page 1 of 3 ECON1016 2020...

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Page 1 of 3 ECON1016, 2020 S1, Policy Brief ‘Student template (Part A)’ ECON 1016 – Macroeconomics 1 Policy Brief ‘Student template’ Part A: Diagnostics Analysis Name of country: Singapore Indicator from Group A: Gross Domestic Product (GDP) Presentation (2 marks) Figure 1. Graph of Singapore real GDP (SGD$ Billion) from 2015 - 2019 (Trading Economics, n.d.) Comments and observations (Maximum 7 lines) (4 marks) Singapore's GDP has shown a strong growth rate from 2015 to 2018. However, during 2019, Singapore’s full-year GDP growth was only at 0.7 per cent showing a decrease in performance compared to 2018 whereby the full-year GDP growth was at 3.1 per cent. Singapore's GDP in 2019 was mainly driven by the service sector, however, the weak performance in the manufacturing industry caused an offset to the growth (See, 2019). Based on the observed trends, the Singapore
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