Singapore’s Economy Probably Shrank, Cooling Pace of Recovery

Bloomberg.com, 31 Dec 2009
Dec. 31 (Bloomberg) -- Singapore’s economy probably shrank this quarter after six months of growth as weaker manufacturing output cooled the island’s recovery from the global recession.
Gross domestic product contracted an annualized 2.1 percent from the previous three months, after climbing 14.2 percent from July to September, according to the median estimate of eight economists surveyed by Bloomberg News. The trade ministry will release the data at 8 a.m. on Jan. 4.
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