International Herald Tribune, 21 Jan 2009, Bettina Wassener
HONG KONG: Singapore lowered its 2009 growth forecast for the second time in only three weeks Wednesday, illustrating how steeply the global economic downturn is pushing down export-dependent Asian economies.
One of the most important financial hubs in the region, Singapore slid into recession earlier than most of its neighbors as the financial crisis developed into a full-fledged global economic crisis last year.
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