Singapore’s government said the risk of a “disorderly” debt default in Europe can’t be ruled out, clouding the outlook for its economy even as growth rebounded last quarter.
Gross domestic product rose an annualized 10 percent in the three months through March 31 from the previous quarter, more than an initial estimate of 9.9 percent growth, the Trade Ministry said today. The median of 14 estimates in a Bloomberg News survey was for a 10.6 percent gain. Full story
