Singapore braces for sharp recession - c.bank survey

Reuters India, 16 Mar 2009, Nopporn Wong-Anan
SINGAPORE, March 16 (Reuters) - Singapore's economy could shrink by a record 8.5 percent in the first three months of 2009, hit by a downturn in trade, and its currency could lose about 8 percent against the U.S. dollar this year, a central bank survey showed.
The Singapore dollar is expected to slip to 1.56 to a U.S. dollar from 1.44 to a U.S. dollar at the end of 2008, the survey of 20 private economists showed.
Read More

Related News:
Economists see SGD fall to 1.56/USD at end-'09 -c.bank - Forbes.com
Singapore's Recession To Deepen in 2009 - RTTNews