Bloomberg.com, 14 Apr 2009, Shamim Adam
April 14 (Bloomberg) -- Singapore said its economy may shrink as much as 9 percent this year, the most in its 44-year history, as a deepening global recession hurt exports and manufacturing.
The economy may shrink 6 percent to 9 percent, the trade ministry said in a statement today, reducing its forecast for the third time since early January. The government previously predicted a contraction of as much as 5 percent.
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