SINGAPORE: Singapore's industrial production growth slowed in July as sales of electronics slumped, increasing the risk the economy may fall into a recession as the global recovery weakens.
Manufacturing, which accounts for more than a fifth of the economy, gained 7.4% from a year earlier after a revised 10.7% increase in June, the Economic Development Board said in a statement yesterday. That was less than the 7.8% median estimate of 14 economists surveyed by Bloomberg. Full story
