Despite global recessions and inflationary pressures, Singapore is actively working to position itself as a resilient nation in 2023. The economy is steadily growing, driven by a series of government incentives. A notable change includes an increase in the GST to reinforce healthcare, education, and security.

Additionally, the government has introduced new policies to foster the growth of both global and Singapore businesses, specifically SMEs and individuals.

2023 Singapore Market Review

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