Bloomberg.com, 16 Jan 2009, Shamim Adam
Jan. 16 (Bloomberg) -- Singapore’s exports fell the most since early 2002 in December as a deepening slump in global economies pared demand for electronics and pharmaceuticals.
Non-oil domestic exports dropped 20.8 percent from a year earlier, after contracting 17.5 percent in November, the trade promotion agency said in a statement today. Economists had expected a 17 percent decline. Overseas shipments fell 7.9 percent in 2008, the worst performance in seven years.
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