Bloomberg.com
23 May 2008
May 23 (Bloomberg) -- Singapore's economy expanded less than initially estimated in the first quarter, adding to concerns growth may ease in the coming months as global demand weakens and inflation accelerates.
Gross domestic product increased an annualized 14.6 percent in the first three months of the year, less than the government's April 10 estimate of 16.9 percent, the trade ministry said in a statement today. The economy shrank 4.8 percent in the previous quarter.
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