CEP News, 1 Jan 09
CEP News) - Singapore's preliminary gross domestic product (GDP) contracted 12.5% in the fourth quarter, against expectations for a 3.4% quarter-over-quarter contraction and the upwardly revised 5.4% decrease seen in the third quarter, originally reported as -6.3%.
GDP was down 2.6% year over year, against a 0.3% annual decline in the third quarter.
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Related News:
Singapore GDP Contracts More Than Expected - ForexTV.com, 1 Jan 09
Singapore economy shrinks 12.5 pct in 4th quarter - The Associated Press
Singapore recession deepens as Q4 GDP falls - Guardian.co.uk, 2 Jan 09
Singapore's GDP slumps 12.5 percent - CNN.com, 2 Jan 09
