Global Financial Crisis Starts To Affect Singapore's Economy

Bernama.com, 20 Oct 2008

SINGAPORE, Oct 20 (Bernama) -- The Singapore government Monday said the impact of the evolving global financial crisis and slowdown has already started to flow through to its economy and local companies.

"We must be prepared for weaker growth in the next few quarters, and possibly longer depending on when the global economy recovers," Singapores Trade and Industry Minister Lim Hng Kiang told Parliament.

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