BloombergSingapore said its economic growth may slow next year, extending a moderation in expansion that’s already prompted the central bank to ease monetary policy.
The economy will grow 1 percent to 3 percent in 2012 after expanding 5 percent this year, the trade ministry said in a statement today. Gross domestic product rose an annualized 1.9 percent last quarter from the previous three months, when it fell a revised 6.4 percent, the ministry said. The median of 10 estimates in a Bloomberg News survey was for a 2 percent gain. Full story
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Global economy may slump severely: Singapore's Deputy Prime Minister Tharman Shanmugaratnam - The Economic Times
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Singapore braces for sharply slower growth in 2012 - Inquirer.net
Singapore forecasts economic growth could slow to 1 percent next year - The Washington Post
