22 Feb '13, 7am

Singapore's GDP growth slowed to 1.3% in 2012

SINGAPORE: Singapore's gross domestic product (GDP) growth slowed to 1.3 per cent last year from 5.2 per cent in 2011, mainly due to weaknesses in the externally-oriented sectors, the Ministry of Trade said. For 2013, the ministry is maintaining its economic growth forecast at 1.0 to 3.0 per cent as the global economic growth is likely to remain subdued despite having macroeconomic conditions stabilising in recent months. It said the economy grew by 1.5 per cent on a year-on-year basis in the fourth quarter of 2012, an improvement from the flat growth recorded in the preceding quarter. It said on a quarter-on-quarter seasonally-adjusted annualised basis, the economy grew by 3.3 per cent, a reversal from the 4.6 per cent contraction in the third quarter. The manufacturing sector contracted by 1.1 per cent on a year-on-year basis following the 1.4 per cent decline in the pre...

Full article: http://www.mole.my/content/singapores-gdp-growth-slowed-1...

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Singapore economy grows 1.3 percent in 2012

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22 February 2013 Last updated at 01:44 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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bbc.co.uk 22 Feb '13, 1am

22 February 2013 Last updated at 01:44 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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