Singapore economy shrinks but avoids recession:

Singapore economy shrinks but avoids recession

rappler.com 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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@raquiidoodles » 13 Oct '12, 12am
"@rapplerdotcom: Singapore economy shrinks but avoids recession: [link]" also SG? Hmmm
@reynanSD » 13 Oct '12, 12am
Ayayay RT "@rapplerdotcom: Singapore economy shrinks but avoids recession: [link]"
@samubee » 13 Oct '12, 12am
RT @newsbreak_ph: Singapore economy shrinks but avoids recession [link]
@ch9x » 13 Oct '12, 12am
RT @rapplerdotcom: Singapore economy shrinks but avoids recession: [link]
@jan_ilo » 13 Oct '12, 12am
“@rapplerdotcom: Singapore economy shrinks but avoids recession: [link]” wow even them?! #smh
@iTweetBalita » 12 Oct '12, 6am
Singapore economy shrinks but avoids recession: SINGAPORE - Singapore's economy shrank by 1... [link] | via @rapplerdotcom
@iamnicetobewith » 12 Oct '12, 6am
Singapore economy shrinks but avoids recession: SINGAPORE - Singapore's economy shrank by 1.5% in the third quar... [link]
@emervillanoza » 13 Oct '12, 3am
RT @newsbreak_ph: Singapore economy shrinks but avoids recession [link]
@preci0so » 13 Oct '12, 2am
RT @rapplerdotcom: Singapore economy shrinks but avoids recession: [link]
@mister_pebols » 13 Oct '12, 2am
RT @rapplerdotcom: Singapore economy shrinks but avoids recession: [link]
@i_am_leizl » 13 Oct '12, 12am
RT“@newsbreak_ph: Singapore economy shrinks but avoids recession [link]”
@Mar3st » 13 Oct '12, 12am
“@rapplerdotcom: Singapore economy shrinks but avoids recession: [link]”
@jassabrina » 13 Oct '12, 12am
RT @rapplerdotcom: Singapore economy shrinks but avoids recession: [link]
@YiyiMondragon » 13 Oct '12, 12am
RT @rapplerdotcom: Singapore economy shrinks but avoids recession: [link]
@davidssanjose » 13 Oct '12, 12am
RT @rapplerdotcom: Singapore economy shrinks but avoids recession: [link]
@arieltrotter18 » 13 Oct '12, 12am
RT @rapplerdotcom: Singapore economy shrinks but avoids recession: [link]
@rapplerdotcom » 13 Oct '12, 12am
Singapore economy shrinks but avoids recession: [link]
@newsbreak_ph » 12 Oct '12, 11pm
Singapore economy shrinks but avoids recession [link]
@rapplerdotcom » 12 Oct '12, 7pm
Singapore economy shrinks but avoids recession [link]

Singapore economy shrinks but avoids recession

Singapore economy shrinks but avoids recession:

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