Reuters, 20 Oct 2008, Koh Gui Qing and Kevin Lim
SINGAPORE, Oct 20 (Reuters) - Singapore's economy, which fell into a recession in the third quarter, will see growth remaining weak for "several quarters" though inflationary pressures will take time to ease, the country's trade minister said on Monday.
Trade Minister Lim Hng Kiang said in parliament Singapore's exports and manufacturing activity have slowed on the back of the financial crisis, and that the country's jobless rate for 2008 will be higher than the 2.1 percent seen last year.
"We must be prepared for weaker growth in the next few quarters, and possibly longer," Lim said.
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