Bloomberg.com, 13 Apr 2009, Shamim Adam
April 13 (Bloomberg) -- Singapore’s economy probably shrank for a fourth straight quarter as manufacturing and exports collapsed, adding pressure on the central bank to allow the currency to weaken to revive growth.
Gross domestic product fell an annualized 9.6 percent last quarter from the previous three months, after shrinking 16.4 percent between October and December, according to the median estimate of 13 economists surveyed. The trade ministry will release the data at 8 a.m. tomorrow, and the Monetary Authority of Singapore will give its semi-annual review of the currency.
Read More
