Singapore Notes, 15 Oct 2013
Is the glass half empty or half full? Should you break out the bottle of champagne to celebrate?
The lame stream media boasts of "strong showing" due to recovery in manufacturing and expansion in services that resulted in better-than-expected third quarter growth of 5.1%. Just the thing to kick in a GDP related bonus.
Look at the table carefully. The bottle half has more negative numbers.
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Related:
Singapore economy shrank 1 percent in the third quarter - CNBC.com
