Bloomberg.com, 9 Oct 2008, Shamim Adam
Oct. 9 (Bloomberg) -- Singapore's economy probably teetered near a recession in the third quarter as slowing growth in its biggest markets hurt exports and a global credit crisis threatened financial services.
Gross domestic product expanded an annualized 0.3 percent from the second quarter, after shrinking 6 percent in the previous three months, according to the median estimate of 11 economists in a Bloomberg survey. Four of the economists expect a second quarter of contraction, marking a recession. The government will release the data at 8 a.m. tomorrow.
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