Singapore's trade-driven economy contracted in the last three months of 2011, signalling it may slip into a technical recession as a slump in manufacturing output and slowdown in external demand hurt exports.
Singapore narrowly averted a technical recession in the third quarter, largely because of a surge in biomedical production.
Most analysts expect the economy to continue contracting in the first quarter of 2012, resulting in a technical recession which is defined as two consecutive quarters of negative GDP. Full story
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Singapore may see 2 years of sub-par growth: fin min - Yahoo! Singapore News
