Theedgemalaysia.com, 28 Jul 2009, Standard Chartered Global Research
After a rocky start to 2009, the Singapore economy rebounded strongly in Q2, growing a seasonally adjusted annualised rate (SAAR) of 20.4% q/q, according to the government’s advance estimates released on 14 July.
While this still translated into a 3.7% y/y decline, it was a significant improvement from Q1, when GDP contracted by a revised 12.7% q/q SAAR, or -9.6% y/y.
Read More
