Bloomberg.com, 20 Nov 2008, Shamim Adam
Nov. 20 (Bloomberg) -- Singapore's economy probably shrank last quarter as a manufacturing slump and easing demand for financial services drove the nation into its first recession since 2002, adding pressure on policy makers to stimulate growth.
Gross domestic product declined an annualized 6.3 percent from the second quarter, after shrinking 5.7 percent in the previous three months, according to the median estimate of 10 economists in a Bloomberg survey.
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