Singapore likely joined Japan in recession in the fourth quarter of 2012, dragged down by weakness in its top exports of electronics, according to a Reuters poll of economists.
Gross domestic product (GDP) probably shrank by an annualized and seasonally adjusted 1.4 percent in October-December from the preceding three months, the median estimate of six economists showed.
The economy contracted 5.9 percent in the third quarter from April-June at a seasonally adjusted and annualized rate and so another quarter-on-quarter decline would meet the definition of a recession. Full story
