Singapore's recession likely to deepen as exports fall

Gulfnews.com, 9 Feb 2009, Bloomberg

Singapore: Singapore's recession could deepen this quarter amid slumping exports as economies in the US and Europe deteriorate, said Song Seng Wun, an economist at CIMB-GK Securities Pte, in Singapore.

"We could see GDP fall by as much as 12 per cent in the first quarter from a year ago," Song told CIMB clients on Monday

Read More