Forbes.com, 9 Apr 2009, Reuters
SINGAPORE, April 9 (Reuters) - Singapore will have to revise down its economic forecast for 2009 as fading exports indicate the economy may contract by more than 5 percent this year, Prime Minister Lee Hsien Loong said on Thursday.
The prime minister also said the S$20.5 billion ($13.52 billion) stimulus package unveiled by the government in January was working, and there was no immediate need for additional measures to support the trade-dependent economy.
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