RTTNews, 26 Feb 2009
Thursday, Singapore's Ministry of Trade and Industry lowered GDP estimate for 2008 and maintained 2009 outlook. The economy may shrink up to 5% this year.
The MTI said economic growth for 2008 eased to 1.1% from 7.8% in 2007. The growth estimate for 2008 was lowered from 1.2%.
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Related News:
Singapore's economy grows by 1.1% in 2008 - Xinhua, 26 Feb 09
Singapore revises fourth-quarter growth to 16.4%, keeps forecast - The Star Online, 27 Feb 09
