Feb. 16 (Bloomberg) -- Singapore’s economy shrank less than initially estimated last quarter as a surge in pharmaceutical production supported manufacturing at the year end.
Gross domestic product fell an annualized 2.5 percent in the fourth quarter of 2011 from the previous three months, less than an initial estimate of a 4.9 percent decline, the trade ministry said in a report today. Full story
Related:
Singapore says near-term indicators suggest no recession - CNBC
Singapore 4Q GDP Contraction Revised Down But Global Risks Remain - Nasdaq
