Employment Growth vs GDP Growth
Employment growth in Singapore accelerated in 2010, with the strong economic rebound
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Source:
GDP data - International Monetary Fund, World Economic Outlook Database, April 2011
Employment: Various official websites
Note:
Employment data for China are not available for 2010
| The Singapore economy rebounded strongly in 2010, registering double-digit growth of 14.5%, a sharp reversal from the 0.8% decline in 2009. Driven by the exceptional economic performance, employment rose by 3.9%. Taiwan, Malaysia, Hong Kong, Germany and the United Kingdom also registered growth in both GDP and employment, though at a slower pace than Singapore. In contrast, employment contracted in Japan and the United States even as their economy grew. |