Gross domestic product shrank an annualized 1.4 percent in the three months through March 31 from the previous quarter, when it rose 3.3 percent, the Trade Ministry said today. The median of 10 estimates in a Bloomberg News survey was for 1.7 percent expansion.
The Southeast Asian nation’s exports fell the most since 2009 in February, while industrial production slid the most in at least three years. Full story
Related:
- Singapore Keeps Currency Policy as Inflation Outweighs GDP Drop - Bloomberg
- Singapore 1Q GDP Contracts 1.4% on Quarter - Nasdaq
- Singapore economy contracts 1.4 percent in Q1: govt - Yahoo! News Singapore
- Singapore's central bank holds policy steady - Xinhua
- Singapore Central Bank Stands Pat As Economy Contracts - Nasdaq
