Singapore: GDP contributions of the IRs

- "This year witnessed the openings of the two iconic integrated resorts (IRs), the Marina Bay Sands and Resorts World at Sentosa. While the government and the private sector had earlier provided estimates on the IRs’ contributions to the economy, latest GDP data may have shed more light on that. Based on our analysis, the IRs have added about SGD 470mn (0.3%) to the economy in the first half of the year. In fact, we can now expect a full year GDP contributions of about SGD 2bn from these two projects, which will account for about 0.7%-pt out of a 15% growth this year."

DBS Economics 20100826

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