The economy grew a record 14.5 percent last year and per capita GDP stood at S$59,813 (US$48,271), according to the statistics department, making Singaporeans the second-wealthiest Asians after the Japanese.
However, the prosperity has not been spread evenly and inflation this year is forecast at between 3 and 4 percent, high by Singapore standards, as a result of rising food and oil prices.
Apart from seats won or lost, the PAP’s overall share of the popular vote in yesterday’s polls will be closely watched.
The party won 67 percent of the overall vote in 2006, down from 75 percent in 2001.
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