Singapore avoids recession by revising GDP data

Smart Money, 1 Jan 2013
SINGAPORE--Singapore's economy grew in the fourth quarter, beating analysts' predictions of a fourth-quarter contraction and escaping the designation of recession.
Gross domestic product for the three months to Dec. 31 grew 1.8% on a seasonally adjusted and annualized basis, compared with a revised 6.3% contraction in the third quarter, according to advance estimates Wednesday by the Ministry of Trade and Industry. Full story

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  2. Ministry of Trade and Industry of the Republic of : Singapore’s GDP Grew 1.1 Per Cent in the Fourth Quarter of 2012 - 4-traders 
  3. Singapore GDP Topped Survey Last Quarter, Avert Recession - Bloomberg 
  4. Singapore Avoids Recession With Modest Growth in 4Q - Fox Business
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