12 Oct '12, 6am

Singapore economy shrinks but avoids recession:

SINGAPORE - Singapore's economy shrank by 1.5% in the third quarter but avoided a technical recession after growth in the previous three months was adjusted upwards, government figures showed Friday. The Ministry of Trade and Industry said the export-driven city-state was still on track to achieve annual growth of 1.5-2.5% in 2012. "Economic growth in the second quarter was better than expected, resulting in an upward revision of quarter-on-quarter annualized growth from the preliminary estimates of minus 0.7%to (plus) 0.2%," it said. The revision was thanks to new data showing stronger growth in both industrial and residential building, it added. Construction expanded 14.3% in the June quarter instead of 0.9% as earlier estimated. Two successive quarters of negative growth are regarded as a technical recession. Singapore is seen as a bellwether for Asia's leading economie...

Full article: http://www.rappler.com/world/14086-singapore-economy-shri...

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Singapore economy shrinks but avoids recession

business.inquirer.net 12 Oct '12, 2am

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Singapore economy shrinks but avoids recession

gmanetwork.com 12 Oct '12, 3am

— Singapore's economy shrank by 1.5 percent in the third quarter but avoided a technical recession after growth in the pre...

Singapore economy contracts 1.5%

Singapore economy contracts 1.5%

bbc.co.uk 12 Oct '12, 5am

12 October 2012 Last updated at 05:15 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print S...

Singapore economy contracts 1.5%

bbc.co.uk 12 Oct '12, 5am

12 October 2012 Last updated at 05:15 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print S...

Singapore economy contracts 1.5%: Singapore's e...

bbc.co.uk 12 Oct '12, 5am

12 October 2012 Last updated at 05:15 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print S...

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