Singapore’s economy shrank for the second time in three quarters as manufacturing eased, increasing pressure on policy makers to spur growth as they forecast slower expansion this year.
Gross domestic product (SGDYTY) fell an annualized 4.9 percent in the fourth quarter of 2011 from the previous three months, when it climbed a revised 1.5 percent, the trade ministry said in a statement today. Full story
Related:
Singapore Q4 economy contracts 4.9 percent - CBS News
Singapore Q4 GDP contracts 4.9pc seasonally adjusted - The Malaysian Insider
Singapore 4Q GDP Down 4.9% On Quarter - Nasdaq
Singapore's economy shrinks in the fourth quarter - AFP
