The Jakarta Post
9th Jan 2008
Singapore's GDP contracts 3.2 percent in fourth quarter on weak manufacturing
SINGAPORE (AP): Singapore's economy contracted the first time in more than four years in the fourth quarter as weakness in manufacturing outweighed windfall growth from a construction boom, the government said Wednesday.
Singapore's economy shrank 3.2 percent from the third quarter on a seasonally adjusted annualized basis, the Ministry of Trade and Industry's advance estimate showed. It expanded 4.4 percent in the July-September quarter compared to the second.
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