Yahoo News, 28 Oct 2008, Reuters
SINGAPORE, Oct 28 - Singapore's economy will grow below a potential rate of 4-6 percent in 2009 as the impact from a global financial crisis spreads across the whole economy and drags on previously resilient sectors such as manufacturing, the central bank said.
The Monetary Authority of Singapore said in its twice-yearly macroeconomic review report on Tuesday that the risks faced by Singapore's trade-dependent economy had shifted to slowing growth from rising prices, because the economic downturn has helped tame inflation.
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