Forbes.com, 10 Jun 2009, Associated Press
SINGAPORE -- Singapore analysts cut forecasts for 2009 economic growth - and now expect a deeper recession - as the global slowdown hurts demand for the city-state's exports.
The country's gross domestic product will likely shrink 6.5 percent this year, according to the median forecast of 19 economists in a quarterly survey that the central bank released Wednesday.
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UPDATE 1-Singapore 2009 GDP seen down 6.5 pct: survey - LSE.co.uk
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