Bloomberg.com, 9 Aug 2009
Aug. 9 (Bloomberg) -- Singapore’s economy is recovering after contracting 6.5 percent in the first half of 2009 from a year earlier, Prime Minister Lee Hsien Loong said.
“We are now in a stronger position,” Lee said in a televised National Day message yesterday. The decline in the first six months was “less bad than we had feared” after an easing in the global recession and government measures helped Singapore’s economy “bounce back” last quarter, he said.
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